Quote:
Originally Posted by raushan.akhter
Hey Guys,
Rupee is kind of strted with a fall agnst $$$ ....
Should we venture on the IT stocks.. as many of them like Wipro is @ 52 week low now........ 460-470 range ...
should v invest in them nd frget for may be 6-8 mnths.....
what are the expectations from the next two quarters...
suggestion on buy in this IT sector is welcome....
please pour in ur ideas nd exps with this stocks......
Wht u guys thnk of IDEA Cellular ... it is at a level whch is quite low...
can we invest in bulk nd wait for a longterm bull in that ????
guys please revert back....
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I would say the rupee will appreciate against $ and i heard somebody even quoting 38-39 level by or around 2008.If the govt policy is to be considered ,i don't think there will be anymore market intervention by RBI,leaving to the forces of supply and demand.Most of the IT companies are service related and a great exposure to $.So donot go by past levels.Also consider the future