Wipro gains 3% post Q1 results, but brokerages seem unimpressed with nos

The major disppointment came in the form of muted revenue guidance of 0.0-2.0 per cent for Q2FY20, implying 0-2 per cent quarter-on-quarter (QoQ) growth at the lower end and upper end, respectively.

Shares of Wipro gained as much as 3.25 per cent to Rs 268.15 apiece on the BSE in intra-day trade on Thursday, even after the company reported a weak set of numbers for the first quarter (April-June period) of the financial year 2019-20 (FY20), announced post market hours on Wednesday.  

The Bengaluru-headquartered IT services firm reported a 12.6 per cent rise in consolidated net profit at Rs 2,387.60 crore compared with the corresponding period in the previous fiscal. Net profit declined 3.86 per cent on a sequential basis owing to higher tax outgo apart from lesser revenue from