This contrasts with the lacklustre performance reported by TCS last week wherein the country’s largest IT exporter recorded slower-than-anticipated top-line growth and contraction in the margin. In addition, while employee attrition increased for each of the companies sequentially, TCS showed a higher headcount whereas HCLTech reported contraction for the second consecutive quarter.
Q2 preview: Another weak quarter expected for banks. Top stocks to buy ahead of results
Banks are expected to show weak earnings growth in Q2, with private banks performing slightly better due to higher fees and lower provisions. Loan growth