In­fosys Moves Ahead of TCS on Val­u­a­tion Charts

An­a­lysts ex­pect In­fosys to trade at a pre­mium to TCS on su­pe­rior rev­enue and earn­ings growth

The Economic Times - - Companies -

Mum­bai: In­fosys is back to be­ing the most ex­pen­sive tech­nol­ogy stock as the re­cent strong earn­ings per­for­mance has re­vived in­vestor in­ter­est in the stock. In­fosys’s val­u­a­tions, as per con­sen­sus earn­ings es­ti­mates of an­a­lysts who track the com­pany, have moved ahead of ri­val TCS fol­low­ing the re­cent out­per­for­mance in the stock price.

In­fosys’ price to earn­ings (PE) ra­tio is cur­rently at 18.59 times its 12-month for­ward earn­ings, a tad above TCS’ 18.56 times, ac­cord­ing to Bloomberg es­ti­mates. In­fosys shares have gained 16.43% in the last one year, while TCS gained only 3.46% over the same pe­riod.

In­fosys hit a 52-week high of ₹ 1,267.90 on Mon­day as bro­ker­ages re-rated the stock af­ter the com­pany gave strong rev­enue guid­ance of 11.8-13.8% for this fis­cal.


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