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Infosys' valuation gap with TCS set to narrow further after strong Q2 show

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

Topics
Infosys  | Compass | TCS

Ram Prasad Sahu  |  Mumbai 

After a strong September quarter performance and higher revenue and margin guidance by Infosys, the valuation gap between India’s second-largest information technology (IT) services company and market leader Tata Consultancy Services (TCS) is expected to be bridged further. The valuation gap — at 30 per cent at the start of calendar year 2020 (CY20) — has come down to 15 per cent.

It is expected to fall further. Analysts at Motilal Oswal Research expect the valuation divergence to narrow to 10 per cent, given that Infosys has outperformed TCS in the first half of ...

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First Published: Thu, October 15 2020. 18:46 IST
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