IT major Infosys is no longer on the list of top 10 most valued companies on the BSE and the NSE as the stock has taken a beating following the abrupt exit of its CEO Vishal Sikka.
At close of trade on Tuesday, the market capitalisation (m- cap) of Infosys stood at ₹2,01,478.46 crore on the BSE. With this, the company now ranks 11 on the m-cap chart of BSE listed companies.
On the NSE, the company’s market valuation stood at ₹2,01,074.54 crore. Infosys takes the 11th spot on the NSE as well in terms of market cap. Infosys’s scrip plunged nearly 10% on Friday after Mr. Sikka’s resignation.