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
Bengaluru-based IT major today said its voluntary attrition rate reduced 180 basis points quarter on quarter (QoQ) to 21.2% in the December quarter. “Voluntary attrition moderated 180 bps from the previous quarter, landing at 21.2% for the trailing 12 months for the quarter,” Wipro said in its earnings release. This was the fourth quarter where … Read more