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Weakening rupee strengthens Information Technology counter

30 May 2012 Evaluate

While the depreciating rupee is spelling big trouble, it is a huge opportunity for Information Technology firms, which derive lion share of the revenue from exports. Information Technology pivotal piped other sectoral gauges on BSE after Rupee sneaked past 56/dollar as oil importers ramped up demand for the greenback ahead of the end of the month, along with mounting worries over Spain’s borrowing cost weighing on risk sentiment for Asian currencies.

Tech Mahindra is currently trading at Rs 693.10, up by 28.45 points or 4.28% from its previous closing of Rs 664.65 on the BSE. The scrip opened at Rs 659.25 and has touched a high and low of Rs 699.00 and Rs 659.25 respectively. So far 90074 shares were traded on the counter.

HCL Technologies is currently trading at Rs 511.00, up by 5.25 points or 1.04% from its previous closing of Rs 505.75 on the BSE. The scrip opened at Rs 505.05 and has touched a high and low of Rs 511.90 and Rs 505.00 respectively. So far 29686 shares were traded on the counter.

Infosys is currently trading at Rs 2430.00, up by 23.05 points or 0.96% from its previous closing of Rs 2406.95 on the BSE. The scrip opened at Rs 2410.00 and has touched a high and low of Rs 2436.00 and Rs 2391.75 respectively. So far 28718 shares were traded on the counter.

Mphasis is currently trading at Rs 379.35, up by 3.25 points or 0.86% from its previous closing of Rs 376.10 on the BSE. The scrip opened at Rs. 372.00 and has touched a high and low of Rs. 380.00 and Rs. 372.00 respectively. So far 2055 shares were traded on the counter.

Tech Mahindra Share Price

1511.85 20.95 (1.41%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

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