Adani Power has surpassed Infosys in market capitalisation to become India's 11th most-valued company. The market cap of Adani Power stood at ₹4.79 lakh crore on Wednesday, while Infosys' stood at ₹4.70 lakh crore. Shares of the IT major have declined by 24% over the past year as investors grow cautious about the impact of AI on the IT industry.