IT Stocks to Underperform Amid Rupee Strength: Equirus
PUBLISHED ON: May 19, 2014 | Duration: 4 min, 10 sec
Bhavin Shah, CEO of Equirus Securities says margins across IT companies have come under pressure because of appreciating rupee, which has climbed to an 11-month high against the greenback. Most domestic fund managers have turned underweight on IT, he added.
