Infosys market cap jumps by $4 bn, more than Fiji GDP

Shares in Infosys closed up 16.8 percent on Friday after stellar third-quarter results and an unexpected rise in its fiscal year revenue estimate, adding USD 4.07 billion to its market capitalization, more than the GDP of Fiji.

January 11, 2013 / 18:09 IST

Shares in Infosys closed up 16.8 percent on Friday after stellar third-quarter results and an unexpected rise in its fiscal year revenue estimate, adding USD 4.07 billion to its market capitalization, more than the GDP of Fiji.

Infosys' 16.8 percent jump almost single-handedly kept the Sensex in the black, with 26 of its 30 components closing lower, including index heavyweights Reliance Industries and tobacco major ITC.

Fiji's gross domestic product stood at USD 3.81 billion in 2011, according to the most recent data available from the World Bank.

Also Read: Europe looks good; won't clip pricing to drive rev: Infosys

first published: Jan 11, 2013 05:48 pm

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