US notified massive increase in fees in certain categories of the popular H-1B and L-1 visas. The Visa fees hike is expected to hit Indian IT industry.
The top five IT companies stocks are likely to suffer due to the increase in US Visa fees. Tata Consultancy Services (TCS) hit a 52-week low of Rs. 2258 on Wednesday while Infosys traded flat at Rs. 1054.50 on the BSE ahead of its Q3 results.
Wipro dropped 1.28% to Rs. 542 after previous close of Rs. 549. Tech Mahindra fell 1.16% at Rs. 500.55 while traded flat at Rs. 809.50 on the BSE.
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