InvestorQ : Why all IT stocks are going down even results are good..
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Why all IT stocks are going down even results are good..

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vidhya Laxmi answered.
2 months ago
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Most IT stocks have reported very good numbers in this quarter. One constraint I see is the sharp spike in attrition rates with the attrition in most companies going up to near 18-20% levels. That is a tough level to handle and could be more because specific skill sets required are lacking and that makes a handful of digitally trained persons very valuable. That could be putting pressure on these IT companies despite good results.

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