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
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
Global brokerage firm Goldman Sachs downgraded , and to sell while upgrading to buy. CLSA, meanwhile, maintained a buy rating on . We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look: Goldman Sachs on Infosys: Downgrade to sell| Target Rs 1244Goldman Sachs downgraded Infosys … Read more
New Delhi: Eight of the top-ten most valued companies together added a whopping Rs 2,50,005.88 crore in market valuation last week amid a rally in the equity market, with Reliance Industries and Tata Consultancy Services emerging as the lead gainers. Last week, the BSE benchmark Sensex jumped 1,490.83 points or 2.55 per cent. Among the … Read more
NEW DELHI: ‘s September quarter earnings sent its shares soaring, but analysts’ price targets largely suggest muted outlook for the stock. “Demand tailwind is already baked into valuations,” they said. JPMorgan finds the stock Rs 670 worthy as it believes Wipro has displayed remarkable growth improvement over the last 12 months. Credit Suisse is ‘neutral’ … Read more