As rupee takes a record plunge, these 5 stocks can earn you hefty returns

The rupee on Wednesday plunged to a record low, breaching its crucial 69 mark against dollar as a surge in oil prices along with stronger dollar amid domestic political risk factors put pressure on the currency. The rupee collapsed to a lifetime low of 69.10, down 49 paise against its previous day's closing of 68.61 vs dollar.

While rupee depreciation doesn't bode well for importers, it brings cheers for exporters who earn their revenues in rupees. We have compiled 5 stocks from export-oriented sectors such as information technology (IT) and pharma sectors for you to look at positively:

1) Tech Mahindra (CMP: Rs 688)

Nirmal Bang has a Buy rating on the stock with a target price of Rs 750.

The stock is trading at attractive valuations against peers
The company logged growth in enterprise segment consistently
Weak rupee will benefit its US business
US contributes 48% to its total income

2. Persistent Systems (CMP: Rs 796.9)

ShareKhan has a Buy rating on the stock with a target price of Rs 958

Pricing issues in US are expected to get resolved soon
The company's IT budget for BFSI will improve
The company's dollar income will boost on weaker rupee
The company's 85% business ib US-based 

3. Sun Pharma (CMP: Rs 575)

CLSA has a Buy rating on the stock with a target price of Rs 630

The company's Halol plant received USFDA approval after two years
Sun Pharma can supply medicines in US with full potential 
FY19 profit is expected to grow 30%
US contributes 48% to company's income

4. Lupin (CMP: Rs 892.3) 

Karvy Securities has a Buy rating on the stock with a target price of Rs 980

The company has a big market share in Japan's pharma market
The stock is trading at attractive valuations vs peers
The company's 80% of total income comes from US, Asia and Latin America
Rupee's weakness will boost company's export income

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5. Motherson Sumi (CMP: Rs 277)

ICICI Direct has a Buy rating on the stock with a target price of Rs 335

Motherson Sumi's recent acquisition will boost export business 
The company has 26 plants worldover; it exports products to 37 countries
The company has big clients like GM, Ford, BMW
The company's order book is worth Rs 1.29 lakh