A jubilant Wipro is gaining fast on the bourses today after it posted a better-than-expected second quarter earnings today. The software service provider company has managed to improve it volume growth at a time when the world economy is grappling with various crisis and downgrades.
The ITC Q2FY12 numbers were inline with our expectations, said Himani Singh, equity research analyst at Elara Capital and Sanjay Manyal, research analyst at ICICI Direct. Singh feels that the company would surprise on the positive side for this financial year. Manyal stressed on being positive on the cigarette margins.