News

IT index up 4.2% in a week as large caps join the rally A significant trend in the market is the strength in IT index which is up 4.2 per cent in a week, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Mid-cap IT has been doing well and now large-caps like HCL Tech, Infosys and Wipro have joined the rally. The order pipeline of IT companies is expected to improve on the back of the expected soft landing of the US economy, he said. Metal stocks also are firming up on expectations of rebound in China following ...
IT index up 4.2% in a week as large caps join the rally
IT index up 4.2% in a week as large caps join the rally
Source: IANS
5/09/2023 11:35:51 AM
Redington appoints VS Hariharan as Group CEO Integrated technology solutions provider Redington Limited on Friday announced the appointment of VS Hariharan as the Group CEO. Hariharan earlier worked at Wipro in India before transitioning to Singapore, where he spent over 18 years at Hewlett-Packard, holding numerous senior positions. He then went on to be a founder of a company specialising in solar solutions for emerging markets.  “Having witnessed his unwavering commitment, deep industry insights, and exceptional d...
Redington appoints VS Hariharan as Group CEO
Redington appoints VS Hariharan as Group CEO
Source: IANS
1/09/2023 3:10:27 PM
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage Goldman Sachs sees revenue growth for India's IT sector companies picking up, driven by pent-up demand for IT services and the impact of adopting generative artificial intelligence (AI) tech. The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector's upside, even though near-term revenue is likely to remain "muted". "Indian IT services companies have doubled their market share in the last 10 years,&q...
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Source: Reuters
23/08/2023 12:30:21 PM
Wipro launches centre of excellence on generative AI at IIT Delhi IT major Wipro on Wednesday announced the launch of a new Center of Excellence on generative artificial intelligence (AI) in partnership with the Indian Institute of Technology (IIT) Delhi. The Wipro CoE on Generative AI is anchored within the Yardi School of Artificial Intelligence (ScAI) at IIT Delhi, and will support foundational and applied research, nurture talent, and expand the state of the art in this critical field. The partnership is part of the company’s $1 billion comm...
Wipro launches centre of excellence on generative AI at IIT Delhi
Wipro launches centre of excellence on generative AI at IIT Delhi
Source: IANS
16/08/2023 5:58:24 PM
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr FPIs have been continuous sellers in the last six trading sessions with a cumulative sell figure of Rs 7,990 crore, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In the two-day correction in the market, Nifty has lost 350 points. More importantly, higher corrections have happened in the large-caps with the broader market holding on, he said. With the 10-year US bond yield spiking to 4.16 per cent, the FPIs may continue to sell or at least refrain from ...
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr
Source: IANS
4/08/2023 11:29:54 AM
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices as the BSE Sensex extended its fall on Friday to 800 points. HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securities said in a report. HUL is down 3 per cent in trade on Friday. Domestic volume growth, at 3 per cent, was below our estimate. We note volume growth was impacted as trade reduced stock levels (1-3 days) in lieu of price cuts. In home care, fabric wash grew in doubl...
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points
Source: IANS
21/07/2023 11:21:35 AM
Sensex, Nifty scale new heights The two Indian stock exchanges continued their uptrend on Thursday to touch new peaks. The Sensex of the BSE after opening at a subdued note at 67,074.34, flared up to touch a new all time height 67,385.52 points. At the BSE, the shares of Maruti Suzuki, ITC, Sun Pharmaceuticals, Kotak Bank, Reliance Industries, Tata Steel, IndusInd Bank and others saw an uptrend, while NTPC, Nestle, Axis Bank, Wipro, Bajaj Finance and others were on the down trend. Similarly, the Nifty of the NSE to...
Sensex, Nifty scale new heights
Sensex, Nifty scale new heights
Source: IANS
20/07/2023 3:45:08 PM
India`s Infosys signs five-year AI deal with $2bln target spend India's second-largest software services exporter Infosys said on Tuesday it has signed a deal with an existing client to provide Artificial Intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion. AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing. The company did not disclose the client's name. As Microsoft-backed Ope...
India`s Infosys signs five-year AI deal with $2bln target spend
India`s Infosys signs five-year AI deal with $2bln target spend
Source: Reuters
18/07/2023 9:16:11 AM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
Sell Wipro Ltd For Target Rs. 319 - Q1FY24 performance: Wipro IT services’ revenue declined 2.8% QoQ CC (-1.6% QoQ USD) lower than I-Sec and BBG consensus estimates of -1.3% QoQ USD and -1.8% QoQ USD, respectively. YoY CC growth in IT Services revenue was also soft at 1.1%. Softness in revenue growth was due to reduction in discretionary spends. Weakness in growth continued in the company’s two large verticals – BFSI (-4.3% QoQ CC) and consumer (-3.5% QoQ). IT services’ EBIT margin came in at 16% (-30bps...
Sell Wipro Ltd For Target Rs. 319 -
Sell Wipro Ltd For Target Rs. 319 -
Source: ICICI Securities Ltd
15/07/2023 3:13:23 PM
Hold Wipro Ltd For Target Rs. 432 - Religare Broking Ltd Revenue below our expectations: Wipro posted rupee revenue of Rs 22,831cr, down by 1.5% QoQ and a growth of 6% YoY. Revenue for IT service business in USD came in at USD 2,779mn, a de-growth of 2.1% QoQ and flat growth of 0.8% YoY. Amongst geographies, US and Europe both witnessed slowdown and that is reflected in the sequential trend wherein the American region (~60% of revenue) de-growth of 2.7% QoQ while Europe (~29-30% of revenue) de-grew by 0.9% QoQ. Amongst industry verticals banking, c...
Hold Wipro Ltd For Target Rs. 432 - Religare Broking Ltd
Hold Wipro Ltd For Target Rs. 432 - Religare Broking Ltd
Source: Religare Broking Ltd
14/07/2023 3:30:52 PM
Wipro surges on reporting 13% rise in Q1 consolidated net profit Wipro is currently trading at Rs. 403.60, up by 9.25 points or 2.35% from its previous closing of Rs. 394.35 on the BSE. The scrip opened at Rs. 394.35 and has touched a high and low of Rs. 405.25 and Rs. 392.55 respectively. So far 1136376 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.65 on 17-Aug-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 405...
Wipro surges on reporting 13% rise in Q1 consolidated net profit
Wipro surges on reporting 13% rise in Q1 consolidated net profit
Source: Accord Fintech
14/07/2023 3:14:38 PM
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services * Wipro (WPRO) reported a revenue decline of 2.8% QoQ CC in IT Services business in 1QFY24, due to adverse macro and a slowdown in discretionary spends in key verticals like BFS, Consumer and Hi-Tech. Despite healthy deal wins, the softness is expected to continue in 2Q, as the company has guided for revenue performance of -2% to +1% CC in 2QFY24. Given WPRO’s boarder presence in the discretionary areas, the conversion is a challenge as enterprises are cautious and are reprioritizing sp...
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/07/2023 12:08:22 PM
Wipro logs higher net and revenue in Q1 Wipro Ltd on Thursday said it closed the first quarter of FY24 with higher revenue and after tax profit as compared to the corresponding period of the previous year. In a regulatory filing, the company said it had earned total revenue of Rs 228,310 crore (Q1FY23 Rs 215,286 crore) and a net profit of Rs 28,701 crore (Rs 25,636 crore). According to the company, the attrition rate during the quarter under review was at 14 per cent. As to the outlook for the next quarter, Wipro said it e...
Wipro logs higher net and revenue in Q1
Wipro logs higher net and revenue in Q1
Source: IANS
14/07/2023 9:32:15 AM
India's Wipro flags uncertain demand, sees muted Q2 IT services rev India's Wipro on Thursday joined some of its larger peers in flagging an uncertain demand environment as clients cut spending, and forecast revenue from IT services would remain largely flat for the current quarter. The Bengaluru-based company said its second-quarter IT services revenue, which accounts for the majority of overall revenue, could range between $2.72 billion and $2.81 billion in constant currency terms, compared with $2.8 billion a year ago. The muted forecast comes on...
India's Wipro flags uncertain demand, sees muted Q2 IT services rev
India's Wipro flags uncertain demand, sees muted Q2 IT services rev
Source: Reuters
13/07/2023 8:00:29 PM
Wipro inches up on launching Wipro ai360 Wipro is currently trading at Rs. 392.60, up by 0.20 points or 0.05% from its previous closing of Rs. 392.40 on the BSE. The scrip opened at Rs. 394.40 and has touched a high and low of Rs. 394.40 and Rs. 391.30 respectively. So far 76344 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.65 on 17-Aug-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 397.3...
Wipro inches up on launching Wipro ai360
Wipro inches up on launching Wipro ai360
Source: Reuters
12/07/2023 9:44:04 AM
Neutral Wipro Ltd For Target Rs. 360 - Motilal Oswal Financial Services Organic engines yet to fire * Wipro (WPRO)’s FY23 Annual Report (AR) highlights that enterprises are doubling down on reprioritizing spends to achieve operational excellence and cost takeout programs, while strongly focusing on reducing discretionary spends. * The selective pockets – BFS, Hi-Tech, Retail and Consumer – are exhibiting signs of caution in their technology spends due to lingering inflation and weak consumer spending. * Conversely, demand in Telecom app...
Neutral Wipro Ltd For Target Rs. 360 - Motilal Oswal Financial Services
Neutral Wipro Ltd For Target Rs. 360 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
28/06/2023 1:19:47 PM
High Conviction Idea : Hold Wipro Ltd For Target Rs.432 - Religare Broking Wipro Ltd. is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Its holistic portfolio of capabilities in consulting, design, engineering, and operations help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners it has presence across 6 continents and 66 countries and delivers on the promise of h...
High Conviction Idea : Hold Wipro Ltd For Target Rs.432 - Religare Broking
High Conviction Idea : Hold Wipro Ltd For Target Rs.432 - Religare Broking
Source: Religare Broking Ltd
30/05/2023 3:51:15 PM
Wipro rises on expanding partnership with Google Cloud Wipro is currently trading at Rs. 399.15, up by 1.40 points or 0.35% from its previous closing of Rs. 397.75 on the BSE. The scrip opened at Rs. 394.95 and has touched a high and low of Rs. 399.80 and Rs. 393.30 respectively. So far 247824 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 488.00 on 03-Jun-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 402....
Wipro rises on expanding partnership with Google Cloud
Wipro rises on expanding partnership with Google Cloud
Source: Accord Fintech
24/05/2023 2:30:47 PM
Wipro inches up on entering into five-year business partnership with ServiceNow Wipro is currently trading at Rs. 384.75, up by 2.10 points or 0.55% from its previous closing of Rs. 382.65 on the BSE. The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 385.35 and Rs. 383.40 respectively. So far 43562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 488.00 on 03-Jun-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 388.7...
Wipro inches up on entering into five-year business partnership with ServiceNow
Wipro inches up on entering into five-year business partnership with ServiceNow
Source: Accord Fintech
19/05/2023 10:20:30 AM
Wipro moves up as its FullStride Cloud Studio inks pact with Google Cloud`s Rapid Migration Program Wipro is currently trading at Rs. 388.35, up by 2.60 points or 0.67% from its previous closing of Rs. 385.75 on the BSE. The scrip opened at Rs. 387.00 and has touched a high and low of Rs. 388.75 and Rs. 387.00 respectively. So far 34510 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 495.30 on 18-May-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 388.7...
Wipro moves up as its FullStride Cloud Studio inks pact with Google Cloud`s Rapid Migration Program
Wipro moves up as its FullStride Cloud Studio inks pact with Google Cloud`s Rapid Migration Program
Source: Accord Fintech
16/05/2023 10:00:05 AM
Neutral Wipro Ltd For Target Rs.413 - Yes Securities Ltd Result Synopsis Wipro(WPRO) reported broadly inline financial performance for the quarter. Both, the revenue growth and EBIT margin were inline with expectation. The sequential growth was 0.7% QoQ in USD terms, led by Energy, Natural Resources & Utilities vertical (up 8.6% QoQ). Revenue declined by 0.6% QoQ in cc terms. There was sequential improvement in EBIT margin(up 17bps QoQ) led by falling attrition and improving pyramid. The moderation in employee attrition continues as LTM attr...
Neutral Wipro Ltd For Target Rs.413 - Yes Securities Ltd
Neutral Wipro Ltd For Target Rs.413 - Yes Securities Ltd
Source: Yes Securities Ltd
8/05/2023 12:55:51 PM
Indian firms tread with caution but are fast catching up with ChatGPT As artificial general intelligence (AGI) continues to carry out specific tasks such as language translation and data analysis for companies, Indian enterprises and startups are also bullish on the AI technology but are weighing its pros and cons before they implement it in their products for customers. Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech and Tech Mahindra, among others, have placed a big bet on AI. While TCS is likely to have a centre of excellence around generativ...
Indian firms tread with caution but are fast catching up with ChatGPT
Indian firms tread with caution but are fast catching up with ChatGPT
Source: IANS
7/05/2023 5:23:09 PM
Buy Wipro Ltd For Target Rs.450 - JM Financial Institutional Securities WPRO’s 4Q CC QoQ growth (-0.6%) came at the lower end of its guidance, missing estimates (JMFe/Consensus: 0%/-0.3%). WPRO’s quarter beginning conservatism now appears prophetic as most large peers’ growth decelerated in 4Q (and converged towards WPRO’s). However, unlike peers, WPRO’s large deal win momentum has accelerated. WPRO clocked second consecutive quarter of USD 4bn deal TCV (1.5x book-to-bill). Full year deal TCV grew by 28% YoY vs -1%/+3% for TCS/INFO. ...
Buy Wipro Ltd For Target Rs.450 - JM Financial Institutional Securities
Buy Wipro Ltd For Target Rs.450 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
6/05/2023 1:59:18 PM
Wipro revenues touch Rs 231.9 bn in Q4, YoY bookings up by 28%, income drops by 0.4% Leading technology services and consulting company Wipro Ltd on Thursday reported gross revenues of Rs 231.9 billion for the financial quarter ending March 31, 2023. However, with net income for the quarter pegged at a,30.7 billion, even as the company's income increased 0.7 per cent QoQ, there was a 0.4 per cent decrease YoY. As per the financial results announced, the company reported a QoQ revenue decrease of 0.2 per cent even as it registered a year on year (YoY) revenue increas...
Wipro revenues touch Rs 231.9 bn in Q4, YoY bookings up by 28%, income drops by 0.4%
Wipro revenues touch Rs 231.9 bn in Q4, YoY bookings up by 28%, income drops by 0.4%
Source: IANS
27/04/2023 4:52:37 PM
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services Disconnect between order book and growth concerning   Remain Neutral on inexpensive valuation * WPRO reported 3QFY23 IT Services revenue growth of 0.6% QoQ CC (in line) due to weak macro and furloughs. Despite the easy 3Q comp (among the weakest topline growth in our large cap IT services coverage) and strong order intake (USD4.3b, 1.5x book-to-bill), WPRO has guided for a muted 4Q USD CC revenue growth of -0.6% to 1.0% QoQ. ? Q3 EBIT margin in IT Services was up 120bp QoQ to 16...
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Neutral Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
6/03/2023 12:30:20 PM
Buy Wipro Ltd For Target Rs. 455 - ICICI Direct TCV provides visibility for FY24; revenue conversion to be key   About the stock: Wipro is an IT, consulting & BPO player catering to BFSI, health, consumer, energy & utility, technology and communication. * With over 230000 employees, it serves clients across six continents * Consistent payout (~70%), healthy OCF to EBITDA ratio of ~89%   Q3FY23 Results: Wipro reported weak Q3 results on the revenue front. * IT services grew 0.6% QoQ in CC terms and 0.2...
Buy Wipro Ltd For Target Rs. 455 - ICICI Direct
Buy Wipro Ltd For Target Rs. 455 - ICICI Direct
Source: ICICI Direct Ltd
27/02/2023 2:29:07 PM
Wipro rises as its innovation lab launches DICE ID Wipro is currently trading at Rs. 395.80, up by 0.60 points or 0.15% from its previous closing of Rs. 395.20 on the BSE. The scrip opened at Rs. 395.45 and has touched a high and low of Rs. 398.70 and Rs. 394.10 respectively. So far 215375 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 615.90 on 21-Mar-2022 and a 52 week low of Rs. 372.40 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 408....
Wipro rises as its innovation lab launches DICE ID
Wipro rises as its innovation lab launches DICE ID
Source: Accord Fintech
23/02/2023 4:47:46 PM
Stock Picks : Maruti Suzuki India Ltd and Wipro Ltd By ICICI Direct Maruti (MARUTI) Buy Maruti Suzuki India Ltd CMP 8845.35; Initiation Range 8846-8852; Target 8918.00; Stop Loss 8804.00 Rationale Price breaking above a triangular consolidation of the last three weeks with a higher base at 20 day EMA signaling positive bias Daily candlestick chart   Wipro (WIPRO)– Buy Wipro Ltd CMP 407.40; Initiation Range 407.00-407.80; Target 413.60; Stop Loss 403.80 Rationale Buying demand emerging at the rising demand line joi...
Stock Picks : Maruti Suzuki India Ltd and Wipro Ltd By ICICI Direct
Stock Picks : Maruti Suzuki India Ltd and Wipro Ltd By ICICI Direct
Source: ICICI Direct Ltd
16/02/2023 10:46:09 AM
Stock Picks : Wipro Ltd And Larsen & Toubro Ltd By ICICI Direct Stock Picks Wipro Ltd Buy State Bank of India Ltd @ 402-403 CMP 402.40 Stop Loss 398.70 Target 408.80   Stock Picks Larsen & Toubro Ltd Buy Maruti Suzuki Ltd @ 2128-2132 CMP 2111.80 Stop Loss 2145.55 Target 2145.55   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Abov...
Stock Picks : Wipro Ltd And Larsen & Toubro Ltd By ICICI Direct
Stock Picks : Wipro Ltd And Larsen & Toubro Ltd By ICICI Direct
Source: ICICI Direct Ltd
2/02/2023 12:03:29 PM
Budget Picks 2023 By Sumeet Bagadia, Choice Broking UPL Ltd The stock has developed a solid base between the levels of 730 to 710 on a daily chart. The stock price is above each of the 20, 50 and 200 Day EMAs. If the price maintains above a small resistance of 753, UPL may go towards levels over 820.  The stock's upward movement from a zone of consolidation between 710 and 730 levels is supported by heavy volumes implies a robust breakout.  We can see the Bollinger band being squeezed on the weekly chart. The price remai...
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking
30/01/2023 4:45:47 PM
Stock Picks : Tata Steel Ltd And Wipro Ltd By ICICI Direct Tata Steel Ltd. Buy Tata Steel Ltd @ 395-397 CMP 398.05 Stop Loss 392.40 Target 122.70   Wipro Ltd. Buy Wipro Ltd @ 395-397 CMP 398.05 Stop Loss 392.40 Target 402.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindl...
Stock Picks : Tata Steel Ltd And Wipro Ltd By ICICI Direct
Stock Picks : Tata Steel Ltd And Wipro Ltd By ICICI Direct
Source: ICICI Direct Ltd
30/01/2023 12:16:27 PM
CMS IT Services hires Wipro veteran Sanjeev Singh as CEO, MD CMS IT Services announced on Friday it has appointed Sanjeev Singh as Chief Executive Officer and Managing Director. Singh joins Bengaluru-based CMS IT Services from Wipro where he was Chief Operations Officer and a member of Wipro Executive Board. Before joining Wipro, he was the CEO at Aegis Ltd for its India and Sri Lanka businesses. "He has an exceptional leadership track record, strong exposure to Indian and global markets, deep strategic expertise, and proven track record ...
CMS IT Services hires Wipro veteran Sanjeev Singh as CEO, MD
CMS IT Services hires Wipro veteran Sanjeev Singh as CEO, MD
Source: IANS
27/01/2023 4:11:06 PM
Stock Picks : Wipro And Larsen & Toubro Ltd By ICICI Direct Wipro Buy Wipro @ 407.40-408.20 CMP 407.00 Stop Loss 403.60 Target 414.90   Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2238-2243 CMP 2233.50 Stop Loss 2219.80 Target 2269.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the webs...
Stock Picks : Wipro And Larsen & Toubro Ltd By ICICI Direct
Stock Picks : Wipro And Larsen & Toubro Ltd By ICICI Direct
Source: ICICI Direct Ltd
24/01/2023 10:44:48 AM
Stock of the day : Buy Wipro Ltd For Target Rs.442 - Religare Broking Wipro * WIPRO has formed a strong base around 380, after spending nearly 3 months in consolidation. * Crossed the immediate hurdle at 100 EMA on the daily chart now. Expect recovery to strengthen. * The recent buoyancy in the other IT majors is added positive. * We thus suggest accumulating fresh longs as per the given levels.   Technical Chart : Daily Buy Wipro Ltd CMP: 407 Range: 403-406  SL: 388 Target: 442   To Read Complete Rep...
Stock of the day : Buy Wipro Ltd For Target Rs.442 - Religare Broking
Stock of the day : Buy Wipro Ltd For Target Rs.442 - Religare Broking
Source: Religare Broking Ltd
24/01/2023 10:26:13 AM
India presents itself as resilient economy at World Economic Forum in Davos India has reiterated its position as a resilient economy providing stable policy to the global investors at the World Economic Forum (WEF) at Davos. India's focus areas at WEF this year are investment opportunities, infrastructural landscape and its inclusive and sustainable growth story. Taking forward the strategy and presence of India during WEF Annual Meeting in May 2022, the Department for Promotion of Industry and Internal Trade (DPIIT) has taken the initiative to further stre...
India presents itself as resilient economy at World Economic Forum in Davos
India presents itself as resilient economy at World Economic Forum in Davos
Source: IANS
19/01/2023 10:37:37 AM
Neutral Wipro Ltd For Target Rs.432 - Yes Securities   Mixed operating performance; muted revenue guidance for Q4FY23 Result Synopsis Wipro(WPRO) reported mixed financial performance for the quarter. The revenue growth was below expectation(cc growth of 0.6% QoQ), EBIT margin came in slightly above estimates. The sequential growth was led by Healthcare & Life Sciences vertical (up 5.5% QoQ) and Energy, Natural Resources & Utilities vertical (up 2.0% QoQ). The INR reported growth was supported by depreciation of INR by 2.9%...
Neutral Wipro Ltd For Target Rs.432 - Yes Securities
Neutral Wipro Ltd For Target Rs.432 - Yes Securities
Source: Yes Securities Ltd
17/01/2023 12:35:09 PM
Wipro posts Rs 30.5 bn as Q3 net Technology services and consulting company Wipro Ltd closed the third quarter of FY24 with a net profit of Rs 30.5 billion. The company board at their meeting on Friday declared an interim dividend of Re 1 per equity share. Wipro had earned a revenue of Rs 232.3 billion (Q3FY22 Rs.203 billion) and a net profit of Rs 30.5 billion (Rs 29.6 billion). According to CEO and Managing Director Thierry Delaporte, the margins improved by 120 basis points and the employee attrition moderated fo...
Wipro posts Rs 30.5 bn as Q3 net
Wipro posts Rs 30.5 bn as Q3 net
Source: IANS
13/01/2023 6:54:07 PM
Wipro December 2022 Quarter Results IT services margin beats estimates; Q4 Guidance below expectations By Emkay Global Financial Services Wipro Dec’22 Quarter Results – IT services margin beats estimates; Q4 Guidance below expectations Actual vs. expectations Revenue tad below estimates while margins beat estimates Likely stock reaction Neutral Key positives – Margin beat, steady order book; attrition moderated to 21.2%.   Result Summary  Wipro reported revenues of USD2.8bn, up 0.2%/6.2% QoQ/YoY (CC 0.6%/10.4% QoQ/YoY), tad below our expectations of USD2.81bn/1% CC Q...
Wipro December 2022 Quarter Results IT services margin beats estimates; Q4 Guidance below expectations By Emkay Global Financial Services
Wipro December 2022 Quarter Results IT services margin beats estimates; Q4 Guidance below expectations By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
13/01/2023 6:07:50 PM
India`s Wipro Q3 profit beats estimates on strong order pipeline BENGALURU -Indian IT services firm Wipro reported a bigger-than-expected profit for the third quarter on Friday, boosted by a strong deal pipeline. The Bengaluru-based company's net profit rose 2.8% to 30.53 billion rupees ($375.27 million) for the quarter ended Dec. 31, 2022. Analysts, on average, had expected a profit of 29 billion rupees, according to Refinitiv IBES data. Wipro forecast revenue growth from the IT services business for the year ending March 2023 in the range ...
India`s Wipro Q3 profit beats estimates on strong order pipeline
India`s Wipro Q3 profit beats estimates on strong order pipeline
Source: Reuters
13/01/2023 4:12:00 PM
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts IT major Wipro is expected to register revenue growth up to 3 per cent quarter-on-quarter (QoQ) to Rs 23,497 crore in the December quarter of this fiscal year (Q3FY23), in-line with the management's guidance set in the range of 0.5-2 per cent. The company is due to announce its results on Friday, January 13. Higher furloughs and two-month wage hike impact, however, is likely to keep margins flattish at 15.1 p...
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities
Source: ARETE Securities Ltd
13/01/2023 9:37:23 AM
Wipro surges despite weakness over Dalal Street Wipro is currently trading at Rs. 389.85, up by 1.00 points or 0.26% from its previous closing of Rs. 388.85 on the BSE. The scrip opened at Rs. 390.25 and has touched a high and low of Rs. 393.35 and Rs. 388.00 respectively. So far 107557 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 726.70 on 03-Jan-2022 and a 52 week low of Rs. 372.40 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 400....
Wipro surges despite weakness over Dalal Street
Wipro surges despite weakness over Dalal Street
Source: Accord Fintech
21/12/2022 3:31:36 PM
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities India to get more Apple suppliers as iPhone production picks up: Experts If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple’s strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China. The American technology giant...
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities
Source: ARETE Securities Ltd
20/12/2022 9:40:11 AM
India poised to become AI innovation garage of the world: IBM's Sandip Patel Artificial intelligence (AI) adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world, Sandip Patel, Managing Director, IBM India and South Asia, said here on Thursday. Over the past two years, AI has helped businesses ease the strain of workforce dislocation, supply chain challenges, IT incidents and customer service interruptions, etc. According to IBM's 'Global AI Adoption Index 2...
India poised to become AI innovation garage of the world: IBM's Sandip Patel
India poised to become AI innovation garage of the world: IBM's Sandip Patel
Source: IANS
8/12/2022 3:26:52 PM
Wipro rises on introducing Data Intelligence Suite Wipro is currently trading at Rs. 413.10, up by 6.15 points or 1.51% from its previous closing of Rs. 406.95 on the BSE. The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 416.35 and Rs. 412.00 respectively. So far 411045 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 726.70 on 03-Jan-2022 and a 52 week low of Rs. 372.40 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 416....
Wipro rises on introducing Data Intelligence Suite
Wipro rises on introducing Data Intelligence Suite
Source: Accord Fintech
1/12/2022 1:02:29 PM
Wipro 3D launches industrial grade 'make in India' 3D printer Wipro 3D, a part of Wipro's strategic initiative into the future of manufacturing, on Friday launched its first indigenously-developed, industrial grade 3D printer. The 3D printer is designed to cater to educational institutes, industries, engineering and R&D centres, the company said in a statement. "In the last 10 years, Wipro 3D has enabled customer success through expertise in metal additive manufacturing and are now foraying in the Industrial grade Polymer 3D printing ...
Wipro 3D launches industrial grade 'make in India' 3D printer
Wipro 3D launches industrial grade 'make in India' 3D printer
Source: IANS
25/11/2022 5:37:20 PM
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities Aurobindo unit, Evive Biotech ink pact to sell CIN treatment product in US Aurobindo Pharma on Wednesday said its unit has entered into a licensing pact with Evive Biotech to commercialise Ryzneuta in the US market. The product, a novel dimeric G-CSF long-acting fusion protein without pegylation, is currently under late-stage review by the US Food and Drug Administration for chemotherapy-induced neutropenia (CIN).   Air India expands its US, Europe network with new non-stop flig...
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities
Source: ARETE Securities Ltd
24/11/2022 10:01:02 AM
Wipro gains on launching strategic cybersecurity consulting offering in Europe Wipro is currently trading at Rs. 391.10, up by 2.25 points or 0.58% from its previous closing of Rs. 388.85 on the BSE. The scrip opened at Rs. 390.25 and has touched a high and low of Rs. 392.85 and Rs. 390.00 respectively. So far 16980 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 726.70 on 03-Jan-2022 and a 52 week low of Rs. 372.40 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 398.8...
Wipro gains on launching strategic cybersecurity consulting offering in Europe
Wipro gains on launching strategic cybersecurity consulting offering in Europe
Source: Accord Fintech
23/11/2022 10:55:42 AM