Tata Consultancy Services Ltd. maybe basking in the afterglow of joining the $100-billion club, but it is the company’s rival Infosys Ltd. that is a preferred buy for analysts.
Of the 44 analysts covering both companies, 38 have a buy or equivalent rating on Infosys, India’s original poster child for software development. This compares with 19 buys for TCS, Asia’s largest software exporter, according to data compiled by Bloomberg.
“We find the relative valuation attractive given the similar EPS growth -- 11 percent CAGR, same as TCS,” Pankaj Kapoor and Akash Verma, analysts at JM Financial Research wrote in a