Ankur Rudra of Ambit Capital told CNBC-TV18, "Tata Consultancy Services (TCS) has proven that it is growing not only its topline faster than the rest of the industry given its taking away market very strongly and also is been able to display strong margin expansion, so earnings growth, it’s clearly TCS."
"From valuation perspective if you look at across the board then TCS currently trades at relatively punchy valuations; almost 19-20 times FY15 numbers, Infosys trades in the region of 16-17.5 times depending on the estimate. In that order of things HCL Technologies continues to look relatively inexpensive, just shy of 12-12.5 times and appears to offer more upside from re-rating perspective even they have been able to expand margins, a long-term concern that as street had and also their cash convergence improve. So, the re-rating for quality is still pending in HCL and hence we would prefer that as a top buy idea right now."
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