₹2,200 apiece before the markets started correcting in February and are at the same levels now.Admittedly, while covid-19 has disrupted operations—and this will be visible in the June quarter results—the overall impact of the pandemic hasn’t been as bad as feared.
For instance, there have been no large-scale renegotiations on pricing, say analysts. And the recent quarterly results of Accenture Plc.
reflect a limited impact of covid-19, with its revenue being largely stable.Even so, when Indian IT firms start reporting Q1 results, starting with TCS this week, a fairly significant impact lies in store.