Wipro share buyback may hide weak FY24 outlook. Should you buy, sell or hold?
NEW DELHI: Wipro‘s Rs 12,000 crore share buyback program helped investors overlook the IT major’s weak outlook for Q1 FY24 as the shares rallied 3.6% on Friday. At 15X FY25 EPS, the stock is not yet cheap enough to warrant a re-look but it may hold up in the short term courtesy of buyback, analysts … Read more
