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
Business Standard brings you top news of the evening
Analysts expect Wipro to post decent revenue growth, minimum-to-no impact on EBIT margins and a 5-10 per cent YoY jump in its net profit for Q3FY21
Prabhudas Lilladher sees Wipro's guidance for the fourth quarter of FY21 to be in the range of 2-4 per cent
Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.
From Wipro reporting decline in Q2 profit year-on-year, Godrej Properties buying land in Bengaluru to J&J pausing Covid vaccine, Business Standard brings you top news of the evening
The company had posted a profit of Rs 2,552.7 crore in the year-ago period
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Key focus areas include commentary on verticals such as healthcare and retail and an update from the new management on the company's growth strategy.
Going ahead, a good order book, a strong deal pipeline and the company's continued focus on cost optimisation are expected to help