Tata Consultancy Services Ltd has been an outlier in the first-half of 2018-19: the Mumbai-based information technology company added $936 million in incremental revenue in the first six months of the current financial year. This is about $151 million less than $1.08 billion in new business done by Infosys Ltd and Wipro Ltd together in 2017-18.
Unsurprisingly, shareholders have chased shares of the company: TCS shareholders saw a 40% return in the last calendar year, far higher than the 6% and 25% return made on investing in the benchmark BSE Sensex and BSE IT index, respectively.
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