India would have inflation rates far higher than the developed countries, it will always have a bias to depreciate rather than appreciate at least for the next 3-5 years, says Suresh Senapaty.
You will see a much more stable environment, because the experience in the last one year has been significant from the government and the RBI point of view
Suresh Senapaty
CFO
Wipro
Suresh Senapaty, ED and CFO, Wipro believes the environment for the IT sector has stabilised. He believes that the sector will have no problems as long as the rupee remains stable at current levels. The rupee is currently trading at 59.33/USD.
According to Senapaty, the rupee is pretty stable, there was an initial euphoria where a lot of money came in and as a result of which the rupee appreciated. But as many economists have predicted, the rupee is fairly priced at 60-62/USD.
India would have inflation rates far higher than the developed countries, it will always have a bias to depreciate rather than appreciate at least for the next 3-5 years. As long as it has reasonably placed there, I think it will continue to encourage manufacturing, exports, and allow more and more manufacturing to happen and therefore make the concept of making imports cheap no more be there, elaborates Senapaty.
"You will see a much more stable environment, because the experience in the last one year has been significant from the government and the RBI point of view," he adds.
Wipro stock price
On June 04, 2014, Wipro closed at Rs 491.70, down Rs 2.65, or 0.54 percent. The 52-week high of the share was Rs 610.50 and the 52-week low was Rs 319.40.
The company's trailing 12-month (TTM) EPS was at Rs 29.68 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.57. The latest book value of the company is Rs 98.21 per share. At current value, the price-to-book value of the company is 5.01.
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