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.
SBI, Airtel among 8 stocks upgraded in the last month; analysts see up to 20% upside
Several brokerages have recently increased target prices for specific stocks. Kotak Mahindra Bank and Bharti Airtel are among those receiving upgrades. Analysts predict potential upsides