Profit

Wipro Q2 results show 3.4% year-on-year decline in net profit, company announces Rs 9,500 crore share buyback

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Wipro Q2 results show 3.4% year-on-year decline in net profit, company announces Rs 9,500 crore share buyback

Wipro announced the Q2FY21 results on Tuesday. The IT giant has posted a 3.4 per cent YoY decline in the net income. IT giant Wipro has announced the results of Q2FY21 (File photo from Reuters) Wipro has posted a 3.4 per cent year-on-year decline in its net income in the quarter ending September 2020. The … Read more

Net outflows in equity mutual funds due to profit booking, say analysts

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Net outflows in equity mutual funds due to profit booking, say analysts

Mutual fund investors are selling their investments in equity mutual funds and they are not in a hurry to invest in equities anymore, shows Amfi data. Reflecting the trend, the equity mutual fund categories saw net outflows of around Rs 2480 crore in July. “This could be largely attributed to investors booking profit, given the … Read more