Wipro has slipped 5% to Rs 372 on NSE, ahead of its April-June (Q1) earnings tomorrow. Analysts expect the IT major to report a flat revenue growth in the recently concluded quarter.
"The company is expected to lag and continue its lower trajectory compared to peers and revenue growth is likely to be flat quarter-on-quarter (QoQ) due to weakness in the India business," analysts suggest.
“Wipro continue to be a laggard and likely to post flat revenues on a sequential basis. EBITDA margin estimated to dip marginally by 30bps QoQ due to one month impact of wage hikes,” says analyst at Edelweiss Securities in quarterly results preview.
Investors will also keep a tab on the management commentary with respect to the demand outlook for the second quarter and an update on large deal wins and client budget, it added.
The stock opened at Rs 392 and hit a low of Rs 370 on the NSE. A combined 1.26 million shares have changed hands on the counter so far on NSE and BSE.
"The company is expected to lag and continue its lower trajectory compared to peers and revenue growth is likely to be flat quarter-on-quarter (QoQ) due to weakness in the India business," analysts suggest.
“Wipro continue to be a laggard and likely to post flat revenues on a sequential basis. EBITDA margin estimated to dip marginally by 30bps QoQ due to one month impact of wage hikes,” says analyst at Edelweiss Securities in quarterly results preview.
Investors will also keep a tab on the management commentary with respect to the demand outlook for the second quarter and an update on large deal wins and client budget, it added.
The stock opened at Rs 392 and hit a low of Rs 370 on the NSE. A combined 1.26 million shares have changed hands on the counter so far on NSE and BSE.
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