Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent
Motilal Oswal maintains a 'Neutral' stance on the stock and awaits further evidence of execution of Wipro's refreshed strategy, & successful turnaround from its growth struggles over the last decade
Firm surpassed $10 billion in annualised revenue run rate
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Consolidated revenue rose 30% on an annual basis at Rs 19,670 crore
Wipro Ltd's shares rose as much as 2.3% to a record high on Friday, a day after the Indian IT services firm reported a jump in quarterly profit ahead of analysts' estimates
The robust growth guidance, coupled with healthy deal wins and traction in digital technologies prompt ICICI Securities to be positive on the stock
The company's revenue guidance or Q2FY22 ranges between $2,535 million to $2,583 million, representing a growth of 5-7 per cent
Its consolidated revenue from operations rose to Rs 18,252.4 crore from Rs 14,913.1 crore in the year-ago quarter
HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers
Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY
Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade
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Q4 IT services revenue was $2.15 bn, a rise of 3.9% sequentially
Ahead of the results, the shares of the firm ended 2.95 per cent higher at Rs 431 on the BSE.
Wipro shares, so far for the year, have risen 8.5 per cent as against a gain of 3.7 per cent in the NSE Nifty index during the same duration
The company declared dividend of Rs 1 per share
The overall trend of Infosys is optimistic with a rally expected to move in the direction of Rs 1,500 level, as per the weekly chart
In a Q&A, the President & CFO of the IT behemoth says over 90% of employees will continue to work from home at least till April
Dollar revenue growth highest in 36 quarters; firm has given an bullish outlook on revenue growth of 1.5-3.5 per cent for the March quarter