Page 3 - Wipro Ltd News
Nifty IT index rallies 6% in 2 days; Infosys soars 7% on buyback plan
The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties
 "Nifty IT index rallies 6% in 2 days; Infosys soars 7% on buyback plan")
Why did Nuvama downgrade BFSI, upgrade IT & Reliance Ind? Find out here
According to the Nuvama report, the deflationary impulse from tariff-driven global slowdown is likely to hurt domestic cyclicals the most.
 "Why did Nuvama downgrade BFSI, upgrade IT & Reliance Ind? Find out here")
CLSA stays upbeat on Indian IT stocks; check rationale, top picks here
The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent
 "CLSA stays upbeat on Indian IT stocks; check rationale, top picks here")
Nifty IT rises 5% in 1 week; will Fed rate cut aid further rally in stocks?
Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday
 "Nifty IT rises 5% in 1 week; will Fed rate cut aid further rally in stocks?")
Wipro shares volatile on $375 mn HARMAN DTS acquisition; analysts weigh in
Wipro shares rose 1.2 per cent in morning deals, however, reversed gains later after company inked agreement to acquire HARMAN's DTS unit
 "Wipro shares volatile on $375 mn HARMAN DTS acquisition; analysts weigh in")
Wipro acquires Harman's engineering R&D unit in $375 million deal
The acquisition will enhance Wipro's capabilities in domain-led design, connected products, and software platforms
 "Wipro acquires Harman's engineering R&D unit in $375 million deal")
Wipro to acquire Harman's digital arm for $375 mn in AI services push
Under the deal, more than 5,600 employees from the DTS unit across the Americas, Europe and Asia will move to Wipro once the transaction is completed by year-end
 "Wipro to acquire Harman's digital arm for $375 mn in AI services push")
IT shares in focus; Infosys, TCS, Coforge rise up to 3%; Buy, sell, hold?
However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.
 "IT shares in focus; Infosys, TCS, Coforge rise up to 3%; Buy, sell, hold?")
IT companies' valuation hits 5-year low amid selloff by investors
The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years
IT sector braces for slower growth trajectory as US tariff tensions mount
Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month
Here's why Wipro and 2 other stocks are on analyst radar today; details
Markets remained volatile on Wednesday and ended lower amid mixed cues. After a flat start, the Nifty oscillated within a range and eventually settled near the lower end at 24,574.20.
 "Here's why Wipro and 2 other stocks are on analyst radar today; details")
From TCS to Wipro, India's top IT companies a gravy train for shareholders
Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn
 "From TCS to Wipro, India's top IT companies a gravy train for shareholders")
For India's IT cos, growth in Europe may only be a temporary relief
Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors
 "For India's IT cos, growth in Europe may only be a temporary relief")
IT stocks brace for more pain post muted Q1 show; analysts share strategy
The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent
 "IT stocks brace for more pain post muted Q1 show; analysts share strategy")
Stocks to Watch today, July 25: Wipro, IEX, REC, Adani Enterprises, NTPC
Stocks to Watch today, July 25, 2025: Bajaj Finance, REC, IEX and KFin Technologies are some of the top stocks to watch today
 "Stocks to Watch today, July 25: Wipro, IEX, REC, Adani Enterprises, NTPC")
FY26 likely to be another slow year for IT companies, say analysts
Analysts say possibility of hitting high single-digit revenue growth looks unlikely
 "FY26 likely to be another slow year for IT companies, say analysts")
Wipro, Saudi's National Grid ink deal to boost operational efficiencies
Wipro signs a multi-year agreement with Saudi National Grid SA to implement a smart meter data management system, improving grid stability and operational efficiencies
Nifty IT index slides 1.5%: Why did IT stocks fall today?
Infosys shares fell despite analysts remaining positive after the company reported in-line first-quarter earnings
 "Nifty IT index slides 1.5%: Why did IT stocks fall today?")
Attrition, hiring at IT companies continue to float on choppy waters
This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity
 "Attrition, hiring at IT companies continue to float on choppy waters")
Wipro shares see best day in over 2 months post Q1 results; time to buy?
Wipro shares rose 4 per cent after its first-quarter earnings met expectations. However, analysts remained cautious on margin outlook
 "Wipro shares see best day in over 2 months post Q1 results; time to buy?")