Infosys Technologies, the country?s second largest technology outsourcer in terms of revenues, has climbed three notches in the market capitalisation pecking order to become the third valuable publically traded firm, a day ahead of its first quarter numbers. As on April 1, 2010, Infosys was ranked sixth among the top 10 companies in terms of market capitalisation.

According to street expectations, Infosys is likely to announce roboust first quarter number on Tuesday. Infosys pips public sector MMTC and NTPC besides its rival outsourcing firm TCS to become the third valuable company in terms of m-cap, or notional wealth. The company

has already become country’s most valuable technology firm.

According to information available with FE, the market capitalisation of Infosys, as of the closing of trade on Monday stood at

Rs 1,68,141 crore, ranking it third among the top 10 companies in the country in terms of market capitalisation, behind hydrocarbon majors Reliance Industries and the Oil and Natural Gas Corporation. As of April 1, 2010, Infosys was ranked sixth in terms of market capitalisation among the listed companies.

Infosys logged a m-cap of Rs 1,53,290.27 crore as of April 1 this year. Infosys scrip closed on Bombay Stock Exchange (BSE) at

Rs 2,894.95, up by 0.80%, on Monday. The stock has an yearly high of Rs 2,911.55 and an yearly low of Rs 1,635. Between April 1 and July 12, Infosys market capitalisation has increased by close to 10% .

Reliance Industries which tops the chart has a m-cap Rs 3,45,280 crore as of June 12, 2010 compared to a m-cap of Rs 3,57,659 crore as of the first trading day of the first quarter of this fiscal. This shows a decline of 3.46%.

The public sector ONGC has a m-cap of Rs 2,73,048 crore as of June 12, 2010 as against a m-cap of Rs 2,32,056 crore as of April 1, 2010. According to analysts, Infosys numbers are considered as a trend setter for the earning season with other companies across the sectors coming out with similar trend in their revenue and profit figures for that quarter. ?Infosys is one of the early birds to announce the results.

The street look at this numbers as a trend setter for that quarter. More or less this trend has proved correct,? an analyst with a local broking house said. On Tuesday, the company will announce its first quarter results which according to street expectation would beat the guidance given by the company itself, analysts feel.