Indian IT’s secret:
Headlines say “beats.” Dollars say “bleeds.”
Strip the rupee rental, and every beat turns red.
TCS +8% → +1% in USD
Infosys +6% → -1%
HCL +5.7% → -0.2%
85–100% of “growth” is FX illusion.
RBI’s doing the heavy lifting. All “growth” rented from RBI’s rupee depreciation (₹83→₹88).
India’s IT “growth story” is a currency story!
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#Stockmarket,
#IndianIT ,
#Stockmarket India, # Nifty IT,# equity investment,
#Fundamental analysis,
#currency depreciation