Sorry for not replying to your query before, but I have been away from the markets (& this forum). I am not currently tracking IT sector which I did for awhile as you can see from my posts. I have results that I stored away in January also - but they paint a gloomy picture for now.
With a weak dollar almost a certainty now, RBI has decided a wait and watch policy till after the budget announcements. But if you want my opinion, I see rupee gradually gaining strength no matter what RBI tries to do. Which would mean that our IT companies will have to increasingly look for expansion of the domestic market. The excitement is definitely gone from their shares.
This could be a challenging time, but also a time to seek out opportunities for our IT co.s. All the best.
Paresh
