Markets applaud Infosys on its silver jubilee, surges 23% on BSE in 2018

Markets applaud Infosys on its silver jubilee, surges 23% on BSE in 2018

With Infosys all set to complete a quarter century on the Indian bourses, the company's share price has reflected the iconic journey of the tech services firm, touching an all-time high on Wednesday.

The share price of the Bengaluru-headquartered company touched a record high of Rs 1,284 on the BSE, surpassing the previous high of Rs 1,278 on June 3, 2016.

So far in 2018, the company has outperformed the market by surging 23 per cent, compared to a 5 per cent rise in the S&P BSE Sensex.

Starting its journey with a gross revenue of $5 million during its stock market debut on June 14, 1993, Infosys has reached dizzying heights, with a revenue of $10.93 billion in 2017-18.

The company's market cap is also close to $40 billion.

This is no mean feat, given that Infosys' initial share sale witnessed tepid response, and Morgan Stanley had to come to its rescue.