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Advantage India: Domestic tech stocks are outperforming their US peers by most in 12 years

Asia’s biggest software exporter Tata Consultancy Services Ltd. and outsourcing giant Infosys Ltd. make up more than half of the weighting of BSE IT index. These companies have benefited from global demand for automation and digital services. A selloff in China’s tech shares are also aiding flows into the nation’s $3.5 trillion stock market. TCS will kickstart the earnings season for India Inc when it announces September quarter earnings later today. According to a note from domestic brokerage Anand Rathi, 17 of the 18 IT companies it covers are likely to record higher revenue in Q2 FY22 vs. Q1 […]

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