Thursday, August 26, 2004

Another Issue

The TCS issue is the 3rd in terms of M-cap, and construction baron Pallonji Mistry has doubled his billions. Now it is wait and watch for investors who are hoping that the stock will make them rich. Interest in the scrip is certainly very high, with TCS displacing Infosys from the top of the IT M-cap list . However, TCS does not have the fundamental strength of either Infosys or Wipro. The biggest plus is its scale of operations. In the longer term, I see Infosys reclaiming the top spot.

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