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Saurabh Mukherjea's Marcellus Investment Managers has fully exited the IT services sector, reallocating its flagship Consistent Compounders Portfolio (CCP) with approximately 25 percent now in healthcare. The portfolio also includes pharma exports, auto ancillaries, power…
Mumbai: Wipro led the losers on the Nifty on Friday, coming under selling pressure after its March-quarter earnings missed expectations, with even a ₹15,000 crore buyback failing to lift sentiment. Brokerages said that the effective…
IT services major Wipro is expected to report steady revenue performance but a decline in profitability for the March quarter. Wage hikes, acquisition-related costs, and weak discretionary spending are likely to weigh on margins despite…
