Infosys vs TCS: Which IT stock to buy as Canara Robeco raises stake in both?
Live MintDespite tepid quarterly numbers from Indian IT companies, Canara Robeco Mutual Fund thought otherwise and raised stake in flagship Indian IT companies Infosys and Tata Consultancy Services. As per the mutual funds data released recently, Canara Robeco Mutual Fund raised stake in Infosys from 0.45 per cent to 0.46 per cent in March 2023 whereas it raised its shareholding in TCS surged from 0.08 per cent to 0.09 per cent in this time. However, by end of February 2023, Canara Robeco Mutual Fund was holding 1,85,45,060 Infosys stocks, which was 0.45 per cent of total paid up capital of the IT company. This means, Canara Robeco Mutual Fund raised stake in Infosys in March 2023 by adding 7,00,500 more shares of Infosys or 0.01 per cent stake in the Indian IT giant. This means, Canara Robeco Mutual Fund raised stake in this Tata group IT company in March 2023 by adding 2,89,500 more shares of TCS or 0.01 per cent stake in the Indian IT giant.
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