Wipro slips 2%, hits 11-month low ahead of Q4 results

The commentary on recent M&A, deal wins, vertical commentary, commentary of client's IT budget and revenue guidance are key to watch

Shares of Wipro hit an eleven-month low of Rs 510.55, down 2 per cent on the BSE in Friday’s intra-day trade, ahead of its January-March quarter (Q4FY22) result later in the day. The stock of the information technology (IT) company hit its lowest level since May 2021.

In the past one month, Wipro has underperformed the market by falling 15 per cent as compared to 0.21 per cent decline in the S&P BSE Sensex. The stock has corrected 31 per cent from its 52-week high level of Rs 739.80, touched on October 14, 2021. It had hit a 52-week