CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Infosys valued at above $105bn as stock hits record high

By Munikoti Rochan

10:02, 24 December 2021

An image of the pyramid building at Infosys’ Bengaluru office campus
Infosys’ office campus in Bengaluru, Karnataka – Photo: Shutterstock

Infosys, India’s second-largest information technology (IT) services company, is now worth some three times its weight in gold, in a manner of speaking.

The software developer’s market capitalisation on the National Stock Exchange (NSE) zoomed past the $105bn mark on Friday, after its shares struck an all-time high of INR1875.75 in early trading.

That valued the Bengaluru-based firm at INR8trn ($106.6bn), or three times the value of all the gold shipped into India in the financial year through March 2021.

The sub-continent, the world’s largest consumer of the yellow metal, imported gold worth $34.6bn during the financial year 2020-21, per a Press Trust of India report published in the Business Standard. In volume terms, the nation imports 800-900 tonnes of gold a year, the report added.

Post-pandemic expansion

In a 15 December regulatory filing, Infosys said it will acquire Singapore Telecommunications’ (SGX: Z74) delivery centre in Malaysia – Global Enterprise International Malaysia – for about SGD6m ($4.4 / INR332m).


6.92 Price
-7.750% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.03


15.12 Price
-9.920% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.13


241.32 Price
+2.170% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.10


461.22 Price
+1.540% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.21

The target provides customer experience and technology services to Singtel. The move boosts Infosys’ footprint in Malaysia, which is a strategic delivery and sales hub in South East Asia for its global clients, said the filing.

Previously, in an 8 December stock market statement, the IT major said its subsidiary, Infosys BPM is expanding its presence in Ireland, creating 250 jobs there at a new delivery centre in Waterford.

The facility would cover several functions across various job levels, spanning a multitude of skills from customer and technical support roles to subject-matter-experts in the areas of finance, human resources, planning, and capacity management, it added.

The Irish roles build on Infosys’ earlier decision to add 1,000 jobs in the UK. The firm said recruits will work in the digital space, including cloud computing, data and analytics, artificial intelligence, open-source technologies and enterprise services.

Read more: Cable TV firm Asianet files for 0m IPO

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading