Winning Bizness Desk

Mumbai. Infosys has become the country's fourth largest company by market value owing to the stock rally after the second quarter results. The company has achieved this position leaving HUL behind. According to the company, its profit has increased by 11 percent during the quarter ended in September and at the same time, there has been an increase of more than 23 percent in income. The company's earnings and profit figures have been better than the market estimates which led to its stock rise.

RIL is at the top

After its stock rise, the market value of Infosys has reached the level of Rs 6.2 lakh crore and With this rise, Infosys overtook HUL whose market value is currently close to Rs 6.1 lakh crore. At present, Reliance Industries is the largest company in the country with a market value of more than Rs 16 lakh crore. It is followed by TCS with a market value of Rs 11.3 lakh crore and HDFC Bank with a value of Rs 8 lakh crore.

consolidated income of Infosys stood at Rs 36538 crore

The consolidated income of Infosys stood at Rs 36538 crore, a growth of 23.4 percent over the previous year. At the same time, the net profit has increased by 11 percent to Rs 6021 crore. The company has also announced dividend and buyback along with the results. The board has announced share buyback of Rs 9300 crore. This buyback will be done at Rs 1850 per share. Along with this, the board has announced a dividend of Rs 16.5 per share to the investors.