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
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
Shares of Bengaluru-based IT major Wipro rose nearly 3% to Rs 378 in Monday’s trade after the company announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card. In a regulatory filing, Wipro said its board of directors will consider a proposal to … Read more
NEW DELHI: Bengaluru-based IT major today announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card. In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a … Read more