Infosys / TCS / Wipro - down more then 30% from there peak
Hi Guys,
When Sensex is at 15505.36 - just 2.2% down from its peak 15868.80 …
Infosys (1820.05) - around 30% down from its peak Rs 2439/- TCS (1016.20) - around 35% down from its peak Rs 1399/- Wipro (452.60) - around 45% down from its peak Rs 690 /- Satyam (428.80) - around 25% down from its peak Rs 524.9/-
I understand that there is concern over the margin for IT players due to Rupee appreciation.
Do you guys see any upward move from this level?
Are you waiting for any specific level to enter into these stocks?
Do you think US Dollar will start getting strong against Rupees after US President Elections? If that happen what will be the impact on IT stocks?
Finally experts please advice if golden era of IT industry is over for these big local players and we should stay away from these stocks for some more time?
Thanks in advance! Kots
