In IT, industry growth and a high attrition rate are two sides of the same coin. The demand prompted aggressive hiring, talent retention and salary hikes, which caused severe margin shocks in the preceding quarters.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South