Infosys is the fourth Indian company to have a market capitalization of Rs 8 trillion.

Infosys became the fourth Indian company to reach a market value of Rs 8 trillion (lakh crore) when its shares hit an all-time high of Rs 1913 on the BSE in the early morning.

As of this writing, the stock was trading at Rs 1866, up 0.5 percent from its previous closing. In the meantime, the Sensex slid 0.71 percent to 56,906.63 points.

Reliance Industries Ltd, Tata Consultancy Services Ltd, and HDFC Bank Ltd have all reached this market capitalisation milestone in the past.

On January 12, Infosys, whose stock has risen more than 52 percent this year, will report its December quarter earnings.

Analysts predict that cloud adoption and digital transformation will maintain healthy demand for IT services over the next 3-5 years. They said that Infosys is one of the best-positioned organisations to profit from high demand, thanks to strategic investments in ramping up digital capabilities, gaining market share, and expanding presence in Europe.

"In the medium term, Infosys is well-positioned to achieve industry-leading organic growth among large rivals." "Margins are expected to remain under pressure due to supply-side challenges, the roll-out of senior employee wage increases, and weak seasonality, which will be partially offset by strong growth in digital business, operational efficiencies, and currency tailwinds," brokerage firm Sharekhan said in a note to investors.

"The stock trades at 30x/26x FY2023E/FY2024E earnings, which is justifiable given the firm's tremendous growth potential, solid transaction pipelines, strong execution, and growing ROCE" (return on capital employed). "We prefer Infosys because of its exceptional digital competence, continuous talent investments, stable management, a sound capital allocation policy, and a robust balance sheet," the letter continued.

Given broad-based demand, significant deal wins, and a healthy deal pipeline, the brokerage firm anticipates 18.6 percent year-on-year growth in FY2022 and a 12.4 percent compound annual rate during FY2022-FY2024E for Infosys.