Shares of Bengaluru-based Wipro Ltd. opened 7.5% lower on Monday after it reported its June quarter results after market hours on Friday, which were a miss on expectations. In response to the results, the US-listed shares of Wipro, or ADRs ended 11.5% lower on Friday night. Wipro’s constant currency revenue declined for the sixth straight …
Software firm Cognizant Technology Solutions Corporation on Tuesday (July 9) said it has resolved a lawsuit filed by Wipro Ltd against its former chief financial officer Jatin Dalal. According to a US Securities and Exchange Commission (SEC) filing dated July 2, 2024, Cognizant’s board of directors approved a payment of $505,087 to cover the settlement …
Information technology (IT) services major Wipro Ltd announced on June 6 that it has secured a $500-million deal by a leading US communication service provider. The deal involves providing managed services for various products and industry-specific solutions over a period of five years, said Wipro in an exchange filing. Ahead of the deal announcement, shares …
Top news of the day: On 6 June, a series of events are set to take place right from politics to business. Wipro has been awarded a $500-million deal by a leading US communication service provider over a period of five years. Rahul Gandhi slammed Narendra Modi and Amit Shah noting that their unsolicited advised …
To call this market volatile, choppy and uncertain is an understatement as predicting which way the Nifty is headed correctly will invite rewards of its own. To think that the Nifty ended 150 points higher on a day the futures were pointing to a 350-points gap down is unthinkable. But it did. It also managed …
The Nifty IT index is currently down 4% for the week, and if chart patterns are anything to go by, the index may see further downside from current levels. CLSA’s Laurence Balanco believes that the IT index can see another 7% to 8% downside based on current chart patterns. “At the sector level, it is …
American Depository Receipt (ADR) shares of India’s top information technology (IT) majors Infosys and Wipro traded lower on Wall Street on Thursday, March 21 after Accenture slashed revenue growth guidance for FY24 amid uncertain economic environment that prompts clients to reduce spending on consulting services. At 11:59 am Eastern Time (ET), Wipro ADR was trading …
Brokerage firm CLSA has downgraded Indian IT giants Tata Consultancy Services Ltd. (TCS) and HCL Technologies Ltd. (HCLTech) to “sell” from its earlier rating of “underperform.” Additionally, it has also reiterated its “Sell” recommendation on stocks like Wipro and LTIMindtree. Despite the downgrade, CLSA has maintained its price target on TCS and HCLTech at ₹3,925 …
The American Depository Receipts (ADRs) of Wipro Ltd were up 17 per cent on Friday, and therefore a 13 per cent stock rally on Monday morning at domestic bourses should not surprise investors. Wipro, analysts said, is the only IT major — out of four that are out with December quarter results, which indicated green …
HDFC Life Insurance Company Ltd https://www.sharekhan.com/MediaGalary/StockIdea/HDFC_Life-Jan15_2024.pdf Weak Q3 BUYu0009CMP : Rs. 615u0009PT : Rs. 750u0009 HDFC Life reported ~2% y-o-y decline in APE (~7% below estimates) resulting in VNB declining by ~2% y-o-y (missing our estimates by ~10%). However, VNB margins stood at 26.8% stable y-o-y. Lower APE was led by lower Non-PAR (-32%), Group …