The Indian market is likely to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed in the negative with a loss of 0.34%, at 24,698 levels on Monday. On the options front, the maximum Call OI is placed at the 25,000 strike, followed by the 24,700 strike, while the maximum Put OI … 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
The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024. “The Board will be considering a proposal for issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and … 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
Brokerage firm Jefferies initiated a buy rating on Adani Enterprises, and Macquarie recommended an underperform rating on Zydus Life and an underweight on Wipro. Nomura maintained a neutral rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Adani Enterprises: Buy| Target Rs … 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
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