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IT stocks 'underperform' despite rupee fall: Equirus Securities

PUBLISHED ON: May 22, 2012 | Duration: 8 min, 21 sec

  
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Bhavin Shah, CEO of Equirus Securities says that IT stocks have an 'underperform' rating despite currency depreciation as Infosys and Wipro are down 18-13 per cent since April as against rupee's 9 per cent depreciation. "IT sector margins will not increase due to currency benefits," he says.
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