Infosys share price, Feb. 19 -- Large-cap IT stock Infosys is a great illustration of the power of long-term investing. A modest Rs.1 lakh investment at Infosys' listing in June 1993, when the shares were priced at Rs.145 would have turned to Rs.16.7 crore today.

The IT stock was listed at Rs.145, which means a Rs.1 lakh investment would have fetched around 689 shares at the time. What unfolded over the next three decades was not driven by sharp trading gains but by the steady compounding effect of bonuses, stock splits and strong business models. Infosys issued 1:1 bonus shares in 1994, 1997 and 1999, followed by a stock split in 2000, when the face value was split from Rs.10 to Rs.5. This was followed by a 3:1 bonus issue in 2004, and ...