MFs shift some weight from TCS to Infosys as valuations turn attractive

InfosysNSE -0.42 % and TCSNSE -1.11 % are must-have stocks for all bulgebracket money managers shopping in India, but the balance appears to be tilting of late in the former’s favour. Incremental fund allocations are moving to the more reasonably valued Infosys, say analysts, citing a raft of conventional valuation metrics.

In the past eight trading sessions, Infosys shares gained 11 per cent while TCS shares declined half a percent. An average Rs 620 crore worth of Infosys shares were delivered during this period, compared with Rs 480 crore for TCS.