Wednesday, 10 September 2008

Rising Dollar $$$$

The movement of Rupee is one among several factors affecting revenues of an IT company.

Rupee Vs Dollar the most visible parameter greatly influences the stock price movement in IT sector.

Dollar has reached an all time high of Rs 45.4 and this has once again created a buzz around IT stocks!!!

The stocks of major IT firms like TCS, Infosys, Satyam, Wipro etc have already gained a good margin.

This depreciation in Rupee might result into good Quarter results for IT firms.

Keep Investing!!

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.