TCS, which reported its second quarter numbers last week, posted double digit annual revenue growth, at 11.5 percent in constant currency terms. It expects to continue reporting double digit growth for the rest of the year.Experts feel that Infosys’ large valuation discount to TCSis unlikely to narrow any time soon, but may converge over the long term as business cycles become more favourable.”Infosys trades at 22 percent discount to TCS. We believe Infosys valuations are reasonable considering the improving growth trajectory.
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