Infosys valuations trail Indian rivals

Tue Jan 8, 2013 10:21am IST

Employees of software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

Employees of software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012.

Credit: Reuters/Vivek Prakash/Files

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Reuters Market Eye - Infosys Ltd(INFY.NS) 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 (TCS.NS) which rose 8.2 percent in the same period.

Link to graphics link.reuters.com/waw94t

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