IT staffing in India contributes 7% of our overall workforce management revenue. So that way, we are, to that extent, rightly de-leveraged because we have huge exposures to BFSI, which contributes such a 31% to the general staffing revenue, retail, which does 22%, telecom, and industrial sector. So while there is, like Guru said, a bit of a slowdown in IT, but then there are other sectors who are doing well for us.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian markets ended lower on Friday due to profit booking in financial and IT stocks. Despite the dip, midcaps, smallcaps, and rate-sensitive sectors stayed strong.
May 18, 2025