TCS shares have underperformed their large Indian peers on a YTD, 1-year, 2-year, 3-year, and 5-year basis. This underperformance, according to UBS, is largely due to de-rating, as revenue conversion has been slow despite strong deal momentum.
TCS shares have underperformed their large Indian peers on a YTD, 1-year, 2-year, 3-year, and 5-year basis. This underperformance, according to UBS, is largely due to de-rating, as revenue conversion has been slow despite strong deal momentum.