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Infosys valuations trail Indian rivals

Source : REUTERS
Last Updated: Tue, Jan 08, 2013 05:08 hrs
Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore

Infosys Ltd is trading at a 36 percent discount to its 10-year median P/E, the widest gap among large cap Indian technology stocks, according to Thomson Reuters' StarMine estimates.

The discount comes even as fiscal 2013/14 earnings growth projections across the four stocks profiled are around 5-6 percent as per StarMine estimates.

Infosys is due to post Oct-Dec results on Friday after issuing a series of disappointing growth targets last year.

Infosys shares fell 16.2 percent in 2012 underperforming peer Tata Consultancy Services which rose 8.2 percent in the same period.


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