Precisely the reason for support during Pandemic was not just human grounds but more to do with increasing margins and uptick in EPS leading to P/E expansion. As soon as P/E starts contracting you will see them laying off employees in masses.
Managements are extremely focused on valuations as that helps them growth their wealth. Most of the Top Management holds more than 20% to 30% in their own business which is good but at the same time, if they see P/E contractions due to poor PAT growth, the first thing which may do is trim the manpower.
There are lot of positives as well, such as, opportunity to work on International projects, Process oriented work, good governance but there are some cons of working in IT industry.
As an investor, our perspective should be different as we will also like to see gains in the stock price.
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