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WIPRO GUIDANCE UPGRADE
Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, s...- IT companies see recovery signs in BFSI spends uptick, AI boomTop six software service providers, reporting earnings over the past two weeks, have witnessed revival in the key regions and business vert...
- Wipro Q3 net surges 24.5% on consulting boost, lower costsHowever, revenue remained subdued due to furloughs and seasonal weakness meeting its guidance, rising marginally by 0.1% YoY to Rs 22,318 c...
- Wipro shares jump 2% as investors spot few bright spots in Q4 results"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem th...
- Hot Stocks: Brokerage view on Voltas, Dixon Technologies, HDFC Bank and WiproCitigroup maintained a sell rating on Wipro post Q4 results, while UBS upgraded Voltas to buy and Investec recommended a hold on HDFC Bank ...
- Hot Stocks: Brokerages on Asian Paints, HCL Tech, Wipro, Maruti, Biocon and ITCBofA maintained a buy call on Biocon with a target price of Rs 415. The brokerage sees a positive trend in the existing portfolio and earni...
- Accenture Q2 takeaways: Desi IT firms eye solid Q4 results, upgradesThe IT firm upgraded its guidance by 450 basis points, in addition to 700 basis points in the previous quarter, suggesting no impact of Rus...
- TCS, Infosys, Wipro may post strong Q3 numbers today on robust demandAs three of India's top IT services companies announce their third-quarter results on the same day for the first time, analysts expect Tata...
- TCS vs Infosys vs Wipro: Whose Q3 report will outshine tomorrow?Motilal Oswal sees Infosys leading the revenue growth at 4.8 per cent QoQ (CC terms), followed by Wipro at 3.7 per cent and TCS at 3.2 per ...
- Infosys is good but real outperformance coming from IT midcaps: Hemang Jani"There may not be a big rerating for the largecap names. We should focus on the midcap IT names like Mphasis, MindTree and to some extent L...
- Q1 IT sector preview: Sales may rise up to 9.5% QoQ; wage hikes to dent marginsThe quarter usually sees higher billing days and an uptick in spending after budget allocation. This time would be no different, as suggest...
- Wipro likely to hit upper end of guidance in Q4 tooWipro’s Q3 performance has been good from both revenue and margin perspective. We have to revise our numbers upwards, says Harit Shah.
- IT sector Q3 preview: Best Q3 in a decade, guidance upgrades & moreIT stocks, which had a solid 2020, saw some underperformance towards the later part of the year.
- Coronavirus outbreak to hit Wipro's new deals: ICICI SecuritiesThe tech services, however, does not see any challenges in existing contracts as of now due to virus outbreak that has resulted lock-down a...
- Analysts stay bullish on Wipro post results; stock top Sensex gainerWipro results beat the street as its consolidated net profits rose a modest 5% even as revenues from its technology business were relativel...
- Analysts stay bullish on Wipro post results, raise target priceWipro results beat the street as its consolidated profits rose a modest 5% even as revenues from its technology business were relatively fl...
- Wipro dives 8.4%, but overall IT mood upbeatThe company's revenue guidance is in the range of 1.7-4.0% for the quarter ending September, which is again below expectations.
- Analysts maintain ‘buy’ on Wipro post Q2 resultsShares of Wipro held on to intraday gains as analysts maintained ‘buy’ recommendation on the stock after it came out with second quarter re...
- Wipro numbers pretty baffling: Rajiv Mehta, IIFLIn an interview with ET Now, Rajiv Mehta, Research Analyst, IIFL, gives his views on Wipro's Q1 results. Excerpts:
- Most IT stocks likely to go down 8-10%: Ambareesh Baliga, Way2WealthFor HCL Tech, I was expecting some sort of major upgrades, even that has not really come through.
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