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Margin pressures, valuations could cap returns on Wipro

Revenue growth for FY22, however, should be strongly aided by Capco acquisition

Wipro
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Ram Prasad Sahu Mumbai
Wipro has been the best-performing stock among the big five listed Indian software companies enriching investors with a return of 151 per cent over the last year. Though it has underperformed peers on the revenue growth front over the last few years, the turnaround in the second half of FY21 led by record deal wins, leadership change, Capco acquisition and strong commentary on outlook led to sustained gains for the stock.

The company’s growth in the June quarter is also expected to be better than peers post the revision of guidance from 2-4 per cent on a sequential basis to
Topics : Wipro

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