IT Stocks Outlook For The Week - 10 To 14.09.2018
The upside in stocks of information technology companies is expected to continue next week as the
rupee remains weak against the US dollar. Overseas markets account for a major chunk of IT
companies' revenue, which is mostly in dollar terms. Thus, a weak rupee makes for better returns
and also aids in margin expansion. Mid-cap IT companies would gain more, while rise in shares of
Tata Consultancy Services and Infosys would be limited due to their high valuations.
Source : Cogencis Information Services Ltd.
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The upside in stocks of information technology companies is expected to continue next week as the
rupee remains weak against the US dollar. Overseas markets account for a major chunk of IT
companies' revenue, which is mostly in dollar terms. Thus, a weak rupee makes for better returns
and also aids in margin expansion. Mid-cap IT companies would gain more, while rise in shares of
Tata Consultancy Services and Infosys would be limited due to their high valuations.
Source : Cogencis Information Services Ltd.
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