98: TCS, Infosys leave Accenture far behind on valuations

Mark to Market

English - October 17, 2020 07:19 - 5 minutes - 5.39 MB
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Global IT giant Accenture is double the size of India's largest IT company TCS. Yet Accenture's valuations are comparatively far modest. What explains this divergence? Indian investors are far more excited about the prospects of IT companies than in the US. The difference, it seems, lies in the composition of Indian and US markets.