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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…
Wipro's March quarter earnings prompted a negative response from Jefferies, which described the performance as weak and the guidance as lacklustre. The company's US-listed ADRs fell nearly 3% following the results. Wipro's fourth-quarter revenue growth…
Four companies are likely to come up with updates around share buybacks this month. Wipro, Cyient, and Windlas Biotech will consider buyback proposals, while Aurobindo Pharma’s record date for its confirmed buyback is set for…
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…
