Wipro Ltd News
Wipro shares gain 5% as Q2 results beat expectations; brokerages divided
In Q2FY25, Wipro reported a consolidated profit attributable to owners of Rs 3,208.8 crore, marking a 6.85 per cent increase quarter-on-quarter (Q-o-Q) from Rs 3,003.2 crore in Q1FY25.
 "Wipro shares gain 5% as Q2 results beat expectations; brokerages divided")
Taxing times: Income tax heat on start-ups over unexplained funds
Notices issued to check round-tripping
 "Taxing times: Income tax heat on start-ups over unexplained funds")
Wipro chairman Rishad Premji's compensation down 50% as profits fall
Company filing says 'no commission payable for fiscal year'; CEO and CFO take cuts too
 "Wipro chairman Rishad Premji's compensation down 50% as profits fall")
"High degree of mutual trust, naturally translated into
Describing the relationship between India and Australia, Prime Minister Narendra Modi has said that the high degree of mutual trust between the two nations has naturally
Wipro Consumer Care invests unknown sum in women's health startup Gynoveda
Founded in 2019 by a husband-wife duo and a gynaecologist, Gynoveda attempts to help women aged 14-45-years cure disorders such as infertility, PCOS, and irregular menstrual cycles
 "Wipro Consumer Care invests unknown sum in women's health startup Gynoveda")
Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows
Max Financial, Mphasis, Emami, HDFC AMC, Pfizer, Network18, Godrej Agrovet, Laurus Labs and Motilal Oswal Financial were among 34 stocks from the S&P BSE 500 index hit their respective 52-week lows.
 "Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows")
Wipro hits 52-week low amid revenue growth worries; down 38% in one year
The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.
 "Wipro hits 52-week low amid revenue growth worries; down 38% in one year")
How to approach IT stocks amid tighter monetary policy, recession fears?
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
 "How to approach IT stocks amid tighter monetary policy, recession fears?")
Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates
On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA
Trading strategies in Persistent Systems, Wipro: Mehul Kothari
According to the technical analyst from Anand Rathi, Persistent Systems can advance to Rs 5,250; while Wipro may see faster momentum above Rs 414.
 "Trading strategies in Persistent Systems, Wipro: Mehul Kothari")
IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days
Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50
 "IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days")
Stay selective on defensives amid current market volatility: Analysts
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
 "Stay selective on defensives amid current market volatility: Analysts")
Layoff season continues: Wipro fires 452 freshers on performance grounds
Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23
Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
 "Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why")
Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23
Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022
 "Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23")
Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard
Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an increase of 2.8 per cent year-on-year (YoY)
 "Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard")
Wipro follows IT trend, logs 2.8% rise in Q3 consolidated net profit
Top IT players Q3 reports show resilience in strategy, beat macro uncertainty
Wipro Q3 result: Gross revenue up 14.4% YoY; attrition rate moderates
The revenue expectations from IT Services business for the full year is set to be in the range of 11.5 per cent to 12.0 per cent, in constant currency terms
TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?
The overall trend in the IT stocks have remained laggard and continues to bear high risk element.
 "TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?")
Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts
For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter
 "Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts")
