Decline in rupee vis–vis the dollar over
the past few days has focused all eyes on the sectors which have a large
overseas play as it will have visible effect on the fortunes of companies. IT
companies and pharma sectors and selected auto companies who have foreign
exchange exposure are expected to generate better bottom line due to falling
rupee. Among other sectors, healthcare and metals are also expected to come up
with a fairly good set of numbers, owing to the dollar impact.
This rupee fall in last few days will be
advantageous for software exporters who are making a big bet so as to improve
outsourcing demand in United States and Europe Rupee has gone down 202 paise,
or 3.17 per cent, in last two weeks after Beijing astonished the world by
devaluing the yuan. . This fall in the rupee may improve operating margin
of software exporters by 30-50 bps.
Cloud computing, big data and analytics and other digital solutions are areas where Indian IT exporters are witnessing a strong footing. TCS, Infosys and HCL Tech have bagged large number of orders in these segments . Indian IT players have been spreading their tentacles in US and some areas of Europe. This fall in rupee will prove beneficial mainly for IT players and it will have visible effect on their Q2 results.
Cloud computing, big data and analytics and other digital solutions are areas where Indian IT exporters are witnessing a strong footing. TCS, Infosys and HCL Tech have bagged large number of orders in these segments . Indian IT players have been spreading their tentacles in US and some areas of Europe. This fall in rupee will prove beneficial mainly for IT players and it will have visible effect on their Q2 results.
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