Nifty 50 heavyweights TCS and Infosys haven’t had much cheer at the bourses this year. The two IT giants remained under pressure at the bourses along with several other IT stocks as the sector went through a down period.

The two companies’ start to the year was marred with troubles in the global banking sector that hit India’s IT sector hard. The companies’ quarterly results have also not been able to meet expectations. While the Q4FY23 results disappointed the investors, weak guidance in Q1FY24 did not help the two stock’s cause.

As can be seen in the chart above, the stocks had a mixed start to the year, before the slump came in March as the banking crisis started coming to the fore. Infosys shares took a major dip in April-May after its Q1 results disappointed investors. However, as evident from the charts the stocks have been recovering since then.

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In the last six months, TCS’s share price has climbed up 12%, while Inofsys’ share price has gone up around around 4%.

So, if a year ago, you had bet ₹1,000 in one of these, who would have come out on top?

As the chart shows, a hypothetical ₹1,000 in TCS a year back would have fared much better than a similar investment in Infosys. A ₹1,000 investment in TCS would be worth around ₹1,200 today, whereas the Inofsys investment would be worth around ₹1,049.

As per the chart, it also seems that the TCS investment would have proved to be less volatile over the one-year period.

Today (Oct. 9), both stocks were trading in green even as benchmark indices fell over escalations in the Israel-Palestine conflict. The surge in TCS is mainly because the company is set to consider a share buyback on Oct 11. Infosys also completed its share buyback earlier this year.

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