INFOSYS, THE PRIDE OF INDIA: March 2004 also marked five years of Infosys's listing on the Nasdaq. Infosys became the first Indian-registered company to list on the Nasdaq, in 1999, at the height of the dot-com frenzy.
For the next two years, it faced turbulent times on the American markets. The bursting of the dot-com bubble led to a meltdown on the Nasdaq stock exchange that depressed stock prices significantly.
Infosys debuted at a listing price of $23.43 on March 11, 1999 and reached a peak of $340 on March 8, 2000-- a year later. Today, however, its stock sells at around $88-$90 on the Nasdaq.
On the Indian bourses, it has been a dream run all the way for the company. Infosys has made Indian investors in its stock very wealthy. If you had invested Rs 95 per share in Infosys in 1993 -- when the software firm went public -- you would have seen the worth of your investment in Infosys zoom to Rs 80,000 today.
Not surprisingly Infosys scrip trades at the Rs 5,300-mark on the Bombay Stock Exchange.