Thursday, September 20, 2007

Hit on IT Comp - INR Vs USD

Last 2 months Performance of Indian IT companies due to INR appreciation and $ depreciation.

Sensex increased by 5% in last 2 months, where as BSE IT index dropped 11.41 %.

INR is expected to appreciate further in near future. Its time to exit IT Stocks.

Exponential Growth in IT Service Sector in terms of ROI wont be possible...

It may not attract more investors any more....

4 comments:

Siva said...

tough isn't it ? uralukku oru sidela idina mathalathukku rendu sideum idi ..

dollar value is going down and portfolio in India is in negative !!! ennathai solla poo ..

Senthil said...

Belcome to Canada! Kindly see the link below to see the power of the CDN dollar. All of u apply for PR and get a thicker jacket. Let us explore the great lakes and the wilderness that is Canada.
http://seattlepi.nwsource.com/business/332543_canadadollar21.html

Karthikeya Arasan SV said...

Siva, Onnum solrathuku illai....

Alwa, Guess Its time to open a start up in Canada, What Say :)-

Baranidharan said...

Mmm.. we are victims of our own success