Last close 673.95
IT companies earn most of their revenues in dollars. So, each dollar earned abroad will now get them more rupees. Depreciating rupee against US dollar in recent months can prove to be a boon for the domestic IT firms which are otherwise facing margin pressure owing to a challenging operating environment.
Inki to balle balle hey..!!!
Are you a swing trader? YES….Then this is a right choice. Buy on decline keeping stop loss of Rs.661 for an upper target of Rs.688, Cross over will take this to Rs.700 very soon.