Why are IT stocks going up when rupee is crashing?
Why are IT stocks going up when rupee is crashing? (Don't see the last slide 😅)
This blew my mind when I first understood it.
87.11₹ per dollar isn't just some number on the news.
It's literally free money for every IT company exporting services. (Tata Consultancy Services, HCLTech, Infosys)
Most people see currency fall and think "crisis".
Smart investor sees it and thinks "opportunity".
✍🏻 Mantra Joshi
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