Wipro Ltd (WIPRO)

Wipro Stock Falls After Disappointing Q1 Earnings - 24 Jul, 2024

Shares of Wipro have fallen by 9% after disappointing Q1 earnings, with brokerages having a neutral or bearish stance on the IT stock. Axis Securities assigned a sell call to the IT stock with a price target of Rs 470, while Nuvama has assigned a price target of Rs 557 to the stock.

Wipro Shares Fall After Q1FY25 Revenue Misses Estimates - 23 Jul, 2024

Wipro's Q1FY25 revenue missed estimates, leading to share prices falling by 9.6%. Sharekhan has downgraded the stock to REDUCE with a revised price target of Rs.470 while ICICI Securities recommends selling with a target price of Rs.460. Stock market experts advise against making fresh positions in Wipro.

Mixed Reactions from Analysts After Wipro's Q1 Results - 22 Jul, 2024

Global brokerages have revised their stance on Wipro following the company's Q1 results. While Nomura has maintained its buy call, Wipro's weak demand environment has led to a bleak earnings outlook for Q2, causing shares to fall to their lowest in nearly a month.

Wipro Lowers Guidance Despite Uptick in Consulting - 21 Jul, 2024

Wipro lowers its guidance despite an uptick in consulting through Capco, BFSI, and consumer sectors in the US. The company's Q1 results show a decline in IT services revenue and EBIT, with a marginal rise in margins.

Wipro Reports Mixed Results and Deal Wins - 20 Jul, 2024

Wipro reports mixed Q1FY25 results with a sequential CC revenue contraction but records another quarter of total large deal booking over USD 1 billion. The company raised its sequential growth guidance for Q2.

Wipro Reports Rise in Net Profit Despite Revenue Decline - 19 Jul, 2024

Wipro Ltd.'s net profit rose 6% QoQ to Rs 3,037 crore in Q1 FY25, while its revenue from operations declined 1.1%. The company expects revenue growth between a decline of 1% to a growth of 1% quarter-on-quarter for the July-September period.

Wipro Transfers Shareholding and Unveils Earnings Report - 18 Jul, 2024

Wipro has transferred its complete shareholding in Wipro Financial Outsourcing Services Limited to Wipro IT Services UK Societas, while also preparing to unveil its Q1 earnings report. The company is expected to log a marginal increase in revenue during the quarter under review, with IT services operating margins set to rise by 0.7%. Additionally, Wipro's new CEO expressed optimism about generative artificial intelligence (Gen AI) at the company's AGM.

Analysts Divided Over Wipro's Q1FY25 Earnings - 17 Jul, 2024

Wipro is set to announce its Q1 FY25 earnings on July 19. Analysts are divided over whether the company will experience a slight decline due to macroeconomic challenges and softness in certain verticals or anticipate modest growth driven by new deals and operational efficiencies.

Wipro Stock Rallies; Analysts Predict Flat Revenue Growth in Q1 - 16 Jul, 2024

Wipro's stock has rallied almost 30% since June and is expected to continue rising. However, analysts predict flat sequential revenue growth for the company in Q1, with a marginal increase in revenue to Rs 22,261 crore. Short-term traders can look to buy the stock now for a target above Rs 600 levels in the next few weeks.

Wipro Stock Resumes Broader Uptrend - 15 Jul, 2024

Wipro's stock surged 4.8% on Friday, signaling the end of a two-week long consolidation period and resumption of the broader uptrend. Technical analysis suggests that traders can go long now at ₹560 with a target of ₹600-₹610 in the coming weeks.

Wipro Stock Receives Positive Recommendations Despite Flat Revenue Forecast - 13 Jul, 2024

Despite Kotak Institutional Equities flagging a flat revenue forecast for the quarter, Mehta Equities recommends Wipro stock due to a strong breakout above swing high resistance mark. Kotak Institutional Equities also expects strong deal signings and revenue growth guidance of (-)1 to 1 per cent.

Wipro Shares Surge 5% Amid Broader Rally in IT Stocks - 12 Jul, 2024

Wipro shares jumped 5% to hit a 52-week high, following the better-than-expected Q1 results of Tata Consultancy Services (TCS). The positive performance has boosted investor confidence regarding the results of other IT firms, including Wipro, which is set to announce its Q1 results on July 19. Brokerage firm Emkay Global expects the company to post a 4.1% YoY rise in net profit despite a fall in revenue.

Wipro Commercial & Institutional Business Opens New Experience Centre in Pune - 11 Jul, 2024

Wipro's Commercial & Institutional Business has opened a new Experience Centre in Pune, showcasing its innovative Internet of Lighting (IoL)™ solutions and ergonomic seating designs. The centre features Wipro's Smart & Connected solutions for Smart Factories, Smart Cities, and Smart Offices, utilizing technologies like Power over Ethernet (PoE) and wireless lighting management systems.

Wipro Settles Lawsuit Against Former CFO; Opens New Experience Centre in Pune - 10 Jul, 2024

Wipro has settled a lawsuit against its former CFO, Jatin Dalal. Cognizant will pay $505,087 for the settlement and legal fees. Additionally, Wipro's Commercial & Institutional Business has opened a new Experience Centre in Pune featuring advanced IoT and smart technology applications.

Wipro Settles Lawsuit Against Former CFO - 09 Jul, 2024

Wipro settled a lawsuit against its former CFO Jatin Dalal for violating the non-compete clause by joining Cognizant. Cognizant paid $505,087 to cover the settlement and legal fees associated with the dispute.

Wipro's Sentiment Turns Positive on Street - 08 Jul, 2024

Despite reduced earnings estimates, Wipro's sentiment has turned positive due to a new CEO appointment and potential buyback. Revenue expected to remain flat in Q1 2024 with guidance of 0-2%.

Mixed Expectations for Wipro's Q1 Results - 07 Jul, 2024

Market watchers expect mixed margin performance in Wipro's Q1 results due to various factors. Despite recent upgrades, pessimism remains high among brokers.

Wipro Sees Investment and Revenue Growth Amidst Market Changes - 04 Jul, 2024

Wipro Ltd sees positive market changes with investments from its consumer care ventures arm and revenue growth despite declines in some areas. JPMorgan has revised its stance on IT stocks, including Wipro and Infosys.

Wipro Gains as DVC Leads Funding Round in Dice - 03 Jul, 2024

Wipro Ltd continues its upward trend with a gain of 0.67% on the day and rising around 23.66% in the last one month. Abidali Neemuchwala-led Dallas Venture Capital leads a $5 million Series A funding round in AI-based enterprise spend management platform Dice. Wipro also seeks dismissal of Ivalua's insolvency plea before NCLT.

Mixed Outlook for Wipro's Q1 Earnings - 02 Jul, 2024

Wipro is expected to report a slight decline in Q1 earnings due to macroeconomic factors and softness in some verticals. However, Sandip Agarwal of Sowilo Investment Managers predicts margin improvements for the company and estimates strong earnings growth for the sector as a whole.