Rupee weakness to enhance IT earnings in Q4, says BoFA
after close1 source ↓written by the desknot a recommendation
- to profitability
- 100 basis point boost
Shares of Indian IT companies rose on 25 Mar, with Infosys, TCS, HCL Technologies, and Wipro benefiting from favorable forex movements. BofA Securities forecasts a 100 basis point boost to profitability this quarter, although firms may reinvest most gains instead of fully passing them to profits. This trend is expected to cushion earnings for FY27.
Not investment advice. For informational purposes only.