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So against this overall backdrop, now operating margin leverages will kick in as the top line grows. I think this story will repeat itself across the IT pack. And the valuations are okay, earnings growth will start accelerating.
Last week, Indian markets witnessed modest gains with Sensex and Nifty hitting new record closing highs in the last trading session led by a sharp rally in IT stocks.
During its Investor Day in December, the company’s management said it was seeing higher-than-expected furloughs, with BFSI and hi-tech being the problem areas
Tata Digital India Fund was launched on December 28, 2015. The size of the fund is ₹9,272 crore. In the past one year, the fund has delivered a return of 31.90 percent while the three-year CAGR return is 20.89 percent.
HCLTech’s attrition for Q3 stood at 12.8 percent compared to 14.2 percent reported last quarter. This is the lowest attrition for the company since Covid quarter in 2021