NEW DELHI: In two days we saw contrasting results from IT behemoths TCS and Infosys. "Post this steep decline, the Infosys stock trades at less than 15 times FY18E EPS, which we believe ignores the likely positives and potential revenue uptick going forward. I think that is a much larger question," he said.TCS Q1 revenue rose 3.7 per cent to $4.36 billion, meeting analysts' estimates. For TCS, over 27 per cent of its revenue comes from Europe, and 16 per cent from the UK For Infosys, the percentage of revenue coming from Europe is 23 per cent. Investors holding the stock should remain invested for a near-term target of Rs 1,275, experts said.

Source: Economic Times July 15, 2016 09:38 UTC