As can be seen, the growth rate of Infosys has been high in the recent past and margin wise as well, Infosys is coming close to TCS. It will be interesting to watch if Infosys is able to cross over TCS in margins front. In that case, Infosys which trades at a lower PE compared to TCS may start commanding higher PE ratios. So watch closely for the next few quarters with regards to margin trends.