Hey!
Yes definitely studetnts with less grades can get good placements. Actually it depends on your knowledge not on your grades. However, it is true that some recruiting companies set a minimum grade to conduct interviews but there are other comanies also which condtucts aptitude test as a first round for recruitment, then candidates qualifiying first round goes for interviews and with their knowledge grab the good salary packages.
hope i answered your query.
Thankyou
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