Top 4 IT Services Company lost INR 9,43,836 Crores in Market cap from peak🤯
TCS lost 3,79,773 Cr
Infy lost 2,46,532 Cr
Wipro lost 1,87,505 Cr
HCL Tech lost 1,30,025 Cr
All this despite Dollar💰soaring to its all time highs against Rupee😰
Why🤔? Read this small thread 🧵
TCS lost 3,79,773 Cr
Infy lost 2,46,532 Cr
Wipro lost 1,87,505 Cr
HCL Tech lost 1,30,025 Cr
All this despite Dollar💰soaring to its all time highs against Rupee😰
Why🤔? Read this small thread 🧵
2. Recession Fears in Both Europe and US
Rising cost of living, rising interest rates to combat the same will impact the European economy as well
CITI believes inflation in UK might touch 18%🤯
Europe's market share:
TCS - 31.9%
Infy - 24.8%
HCL - 26.8%
Wipro - 29.9%
Rising cost of living, rising interest rates to combat the same will impact the European economy as well
CITI believes inflation in UK might touch 18%🤯
Europe's market share:
TCS - 31.9%
Infy - 24.8%
HCL - 26.8%
Wipro - 29.9%
3. High Attrition Rate
As we all know, our friends working in these companies aren't paid well. Indian Startups got funding like never before
Hence, our friends got a great salary hike. My friend got 100% salary hike + ESOPs
As we all know, our friends working in these companies aren't paid well. Indian Startups got funding like never before
Hence, our friends got a great salary hike. My friend got 100% salary hike + ESOPs
High attrition rates lead to inefficiency in giving back up etc.
They also force companies to hire people from other companies at higher costs thereby leading to margin contraction
Latest declared attrition rates:
TCS: 19.7%
Infy: 28.4%
HCL: 23.8%
Wipro: 23.3%
They also force companies to hire people from other companies at higher costs thereby leading to margin contraction
Latest declared attrition rates:
TCS: 19.7%
Infy: 28.4%
HCL: 23.8%
Wipro: 23.3%
IT companies boomed like anything ever since the pandemic broke out
Not no one wants to touch IT companies
Some Midcaps have even corrected by over 50%
What is your view on Indian IT companies now? Are you accumulating? Are these headwinds transitory?
Not no one wants to touch IT companies
Some Midcaps have even corrected by over 50%
What is your view on Indian IT companies now? Are you accumulating? Are these headwinds transitory?
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Check out our Fundamental analysis and many other finance courses from starters to advanced level - learnpersonalfinance.in
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