Telugu boothukathalu-abhisarika 02

TCS has increased profit over the last two years at a faster pace than rivals Infosys and Wipro, which have both had internal management changes.

The Mumbai-based firm is estimated to post revenue growth of 16 per cent in the next 12 months, compared with Infosys' 8.3 per cent and Wipro's 9.9 per cent, according to Thomson Reuters SmartEstimates.

"Despite its size, TCS remains the fastest growing IT services company in the offshore space... to that extent the premium valuation of TCS is justified. There are not too many stocks that show that kind of revenue traction," said Hitesh Shah of IDFC Securities.

TCS gained 2.1 per cent to end at Rs. 2,586 and outperformed the broader Nifty index, which closed 0.36 per cent higher.