We remain cautious on the closing basis and avoid any dips for now as we will be waiting for Nifty to breach 10,600 on the closing basis with better volumes.
ICICI Direct recommended hold rating on Wipro with a target price of Rs 300 in its research report dated October 18, 2017.
Edelweiss recommended hold rating on Wipro with a target price of Rs 280 in its research report dated October 17, 2017.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
Wipro expects 0-2 percent dollar revenue growth for the quarter ended December 2017, which was lower than CNBC-TV18 poll of 1.5-3 percent.
Analysts expect earnings before interest and tax (EBIT) at 16.6 percent for the quarter against 16.8 percent in previous quarter as operating efficiencies and cross currency tailwinds, partly offset by impact of wage revision effective June.
Net Sales are expected to increase by 1.5 percent Q-o-Q (down 0.2 percent Y-o-Y) to Rs. 13860.2 crore, according to Kotak.
The response has been sought from India's largest IT services company TCS in regard to an article on Businesstoday.in on October 05, 2017 titled "Massive data breach hits 6,000 Indian organisations including govt offices, banks: Quick Heal," TCS said in a filing to the Bombay Stock Exchange.
Acquisition to help Wipro Digital expand reach in North Americas, boost innovation capabilities.
For the current week, we maintain cautious view and believe that 10,180 to 10,250 range will act as a strong hurdle and it will be a daunting task for bulls to surpass this zone immediately.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.
The financial details of the contract, which will see Wipro managing the data centre and cloud services for innogy SE, were not disclosed.
Shares if IT major Wipro tanked over 4 percent intraday on Thursday hitting a low of Rs 281.60 after the company approved buyback of shares up to 34,37,50,000 fully paid-up equity shares of the Company of face value of Rs 2 each.
India’s third-largest IT services firm, which has 1,200 employees in Texas, said that it has initiated a voluntary donation program encouraging contributions from employees
Hyperledger is a global open source collaborative effort created to advance cross-industry blockchain technologies across sectors such as finance, banking, Internet of Things, supply chain, manufacturing and technology
Over the last five years, Indian companies seem to have taken a leaf out of Buffett playbook while rewarding shareholders.
As part of the deal, Wipro will provide applications management services for Outokumpu's SAP landscape along with legacy applications support to cover steel maker's locations globally, Wipro said in a statement.
Mitessh Thakkar of miteshthacker.com suggests buying Torrent Power.
Rishi Kohli, MD & CEO at ProAlpha Capital recommends buying Wipro, Vedanta and Ujjivan Financial Services.
Members of the promoter and promoter group of the company also indicated their intention to participate in the proposed buyback.
Mitessh Thakkar of miteshthacker.com recommends buying Wipro and Reliance Defence.
Last month, the Bengaluru-based firm had said it will purchase up to 343.75 million shares at Rs 320 (USD 4.95) per scrip. The total size of the offer will be up to Rs 11,000 crore (USD 1.7 billion).
Prakash Diwan of Altamount Capital Management recommends buying Tata Motors at the current level.
The platform builds analytical applications by leveraging Microsoft's 'Cortana Intelligence Suite' and Power BI
CNBC-TV18 is the only TV channel to get access to the newly set-up centre of Wipro in Silicon Valley and Shereen Bhan caught up with CEO Abidali Neemuchwala at this new facility and asked him about the company's plans for alliances and investment strategies in the Silicon Valley.