Wipro stocks: Wipro shares surged 5.5% to reach an intraday high of Rs 486.40 from its last close of Rs 461. The sharp increase in the company’s stock price followed the announcement of a significant deal worth $500 million with a prominent US Communication Service Provider. According to a filing by the company to the…
Adani Enterprises stock: As part of the semi-annual rebalancing process for BSE indices, Adani Enterprises Ltd is anticipated to take the place of Wipro in the benchmark Sensex. This Friday, May 24, is probably when the official announcement will be made. And on June 21, there will be an adjustment. Any firm led by Gautam…
Wipro: In the fourth quarter of FY24, Wipro recorded a net profit of Rs 2,858.2 crore, indicating a 7.6% decline from Rs 3,093.5 crore during a similar period in the year prior. In Q4 FY24, the IT major’s revenue from operations amounted to Rs 22,208.3 crore, reflecting a 4.2% decrease from Rs 23,190.3 crore in…
Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…
Wipro: On Thursday, Wipro Limited revealed its selection by Desjardins to revamp its credit solutions for both members and clients. Wipro Gallagher Solutions (WGS), a subsidiary of Wipro and a provider of cloud-based Loan Origination Systems (LOS), will oversee the integration and management of Desjardins’ various in-house and legacy systems. This initiative aims to consolidate…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
Wipro, HCL Tech, TCS, Infosys, and TechM shares: Based on projections of significant deal-driven growth acceleration, the consensus 12-month forward profit growth forecast for the two IT companies stands at 11% at the moment. Over the previous 12 months, the average expectations for the earnings per share (EPS) of the top five IT companies—Tata Consultancy…
Wipro shares: On Wednesday morning, Wipro Ltd., a major player in the IT industry, will be the center of attention after announcing that it has expanded its partnership with Intel Foundry to speed up innovation in chip design. The announcement followed Wipro’s post-market announcement on Tuesday announcing that it had increased its collaboration with IBM…
Wipro projects that the IT Services business sector will generate between $2,615 million and $2,669 million in sales. In constant currency terms, this amounts to sequential guidance of minus 1.5% to 0.5%. Wipro Ltd. posted a consolidated net profit of Rs 2,700 crore on Friday, down 11.90 percent year over year (YoY) from Rs 3,065…
Stocks: Watch these stocks on Wednesday: In partnership with Repos Energy, Cummins India introduced DATUM (Data Automated Teller Ultimate Machine), an intelligent fuel management system. The GIFT Nifty moved points, or 0.02 percent, lower at 21,067.5 at 8:16 AM on Wednesday, December 13, signaling a tame opening for domestic stocks. Tuesday, December 12, saw a…
