New Delhi, About 18.05 crore shares of Wipro, amounting to a 1.72 per cent stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data. Following the share sale, Wipro shares appreciated by 1.61 per cent to close at Rs 258.95 apiece on the BSE. The stock settled … Read more
Srini Pallia, CEO, Aparna Iyer, CFO, and Saurabh Govil, CHRO, Wipro, in conversation with ET Now. Pallia says the company is doubling down on its five key strategic priorities, including targeting large accounts in priority sectors and markets, and building on large deals. A significant focus is on developing industry and cross-industry solutions powered by … Read more
Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was … Read more
Domestic benchmark equity indices fell on Monday, weighed down by losses in heavyweight financials and IT stocks ahead of the US Federal Reserve’s interest rate decision this week. However, as per data available on StockEdge, several largecap stocks from Nifty200 index outperformed the benchmark Nifty50 on a 1-week and 3-month basis as of December 13. … Read more
Motilal Oswal expects flat revenue in Q2 due to macro impacts and continued softness in Communications, Manufacturing, and Energy & Utilities. IT service margins are expected to remain stable, with progress in trimming low-margin businesses and low-potential accounts. Demand in the US is anticipated to improve, particularly in BFS, with significant activity in Capco. Healthcare … Read more
Shares of IT major Wipro fell by over 7% in Monday’s trade to the day’s low of Rs 513.95 on BSE despite reporting a 4.6% year-on-year (YoY) rise in its net profit at Rs 3,003 crore for the quarter ended June 2024. The same stood at Rs 2,870 in the year-ago period. However, the revenue … Read more
Benchmark stock market indices traded flat after opening higher on Monday due to cautious sentiments among Dalal Street investors. The S&P BSE Sensex was up 51.82 points at 75,462.21 at 10:19 am, while the NSE Nifty50 fell 5.30 points to trade at 22,951.80. Most of the broader market indices were also trading in negative territory … Read more
Wipro, part of the IT industry, has been consolidating in a narrow range for the past few weeks and is now trading close to the breakout zone of an inverse head & shoulder pattern on the daily charts. Short-term traders can look to buy the stock now for a possible target of Rs 500 in … Read more
NEW DELHI: Despite being one of the worst-performing Nifty stocks, Wipro‘s Rs 12,000 crore-share buyback programme has ended up giving double-digit returns to retail investors. The final acceptance in retail quota, defined by those with investments less than Rs 2 lakh in the counter, has been finalised at 77.4%. For example, those who had 500 … Read more
Shares of IT major Wipro, which is the worst Nifty performer in the last one year, are under the radar today as its Rs 12,000 crore share buyback could deliver smart returns to small investors. Today is the last day to buy Wipro shares to be eligible to participate in the buyback as the record … Read more