Infosys market cap increased by 9 thousand crores with Nilekani’s entry

Nandan Nilekani With the appointment of Infosys as the chairman, the company’s fortunes have started changing. Nilekani has again emerged as an iconic figure for both the company’s clients and investors. Between 2002 and 2007, when he was the CEO of the company, at that time the company gave a return of 36 per cent to the investors. That’s why his time is called Golden Period for the company.

Enthusiasm in investors
Investors are excited about Nilekani becoming the chairman of the company. The market cap of the company has increased by about 9 thousand crores in just two days. While the market cap of the company had decreased by more than 30 thousand crores after the resignation of Vishal Sikka.

Nilekani is always ready for a new roleNilekani is always ready for new roles and challenges. He also resigned from Infosys because the then Prime Minister Manmohan Singh offered him the post of UID chief, which was the largest social project in the world.

Infosys gains the most

On Monday, Infosys, the country’s second largest software exporter, was the biggest gainer among the Sensex companies. It rose 3.14 percent to Rs 9,41.15. Investors took it over after former CEO Nandan Nilekani returned to the company. According to traders, the rupee strengthened to 63.86 against the dollar during trading.

The impact of the dispute on India-China border also reduced
The Sensex of the Bombay Stock Exchange closed with a gain of around 155 points amid strong trend globally and easing tensions at the India-China border. The market gained momentum due to buying in the shares of IT, everyday goods companies, auto and pharmaceutical companies. This is the fourth consecutive session when the market has gained momentum.

Infosys, Sun Pharma, Hindustan Unilever, Hero Moto Corp and the Nifty of the Indian National Stock Exchange also rose above the 9,900 mark. The 30-share Sensex opened at 31,756.87 and it rose to 31,809.70 points due to buying by domestic investors.

But later European shareIt finally ended the week at 154,76, or 0.49 per cent, at 31,750.82 points due to profit-booking at higher levels following a fall in the Sun markets. The Sensex has gained 337.21 points in the last three sessions. The NSE Nifty also gained 55.75 points or 0.57 percent to close at 9,912.80.

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