Prefer TCS over Infosys , says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.
Mehta told CNBC-TV18, "Infosys in the last four-five quarters had this history of getting over expectation because of the good performance. But I feel the stock is now out of the radar of a lot of investors. We always prefer TCS over Infosys. But I feel that IT would be under some pressure for some time. There are other sectors which are quite ridiculously valued, so I feel IT should at least be avoided for the time being."
TCS's trailing 12-month (TTM) EPS was at Rs 38.68 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 28.05. The latest book value of the company is Rs 99.53 per share. At current value, the price-to-book value of the company was 10.9. The dividend yield of the company was 1.29%.
