HomeNewsBusinessMoneycontrol ResearchCan the recast in top management rerate Wipro?

Can the recast in top management rerate Wipro?

As the macro situation in the US improves, the stock could see a narrowing of the valuation gap if the new CEO can stabilise the rocking boat.

Madhuchanda Dey

April 09, 2024 / 16:11 IST

Can the recast in top management rerate Wipro?

Wipro | CMP Rs 480.25 | Wipro stock fell nearly 1 percent after the company’s CEO Thierry Delaporte resigned from this position on April 6. Thierry’s resignation comes amid quarters of underperformance, where Wipro has lagged its rivals. Srinivas Pallia has been appointed as the CEO and MD of the company.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More