WIPRO STOCK PERFORMANCE
Trent shares jump 4% ahead of board meet to consider bonus issue on April 22
Shares of Trent Limited rose 4% ahead of its April 22 board meeting to consider a bonus issue, dividend and fundraising plans. Investors remain cautious as analysts flag margin pressure and store overexpansion concerns, even as revenue growth stays healthy and the retailer continues expanding its store network.
Wipro’s Rs 15,000 crore share buyback: Should you participate or avoid?
Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 earnings. The IT major's board approved buying back up to 60 crore shares via tender route. Promoters intend to participate, potentially impacting the acceptance ratio for public investors.
Even a Rs 15,000-crore buyback fails to cheer Wipro investors
Wipro's stock fell on Friday after its March-quarter earnings missed expectations, with a ₹15,000 crore buyback failing to boost sentiment. The IT major reported a 2% decline in consolidated net profit, and brokerages expressed caution due to weaker-than-expected performance and revenue headwinds. Analysts noted continued underperformance compared to peers, despite attractive valuations.
Buy, Sell or Hold: Goldman Sachs maintains sell on Wipro; Motilal Oswal recommends buy on HDFC AMC
Brokerage views on financial and IT stocks are divided, with Motilal Oswal bullish on HDFC AMC and HDFC Life due to strong fundamentals and growth visibility. Conversely, Goldman Sachs maintains a cautious stance on Wipro, citing weak earnings momentum and continued revenue pressure, highlighting a preference for domestic financials over IT services.
Wipro taps deal momentum to arrest revenue slide, but growth elusive for now
Wipro's revenue declined for the third consecutive year, though the drop moderated in FY26. Large deal wins offer hope for future growth. However, the June quarter is expected to be flat or see a revenue drop. Profitability was impacted by client issues and salary hikes. The company is cautiously approaching campus hiring as attrition rates fall.
'Weak and lacklustre': Why Jefferies is disappointed with Wipro earnings as ADRs fall nearly 3%
Wipro’s March quarter results missed expectations, with weak revenue growth, declining profit, and soft guidance. Jefferies highlighted slowing deal momentum, weakness in BFSI and healthcare, and client-specific declines, raising concerns over near-term growth despite stable margins and a buyback announcement.
- Go To Page 1
Is Rs 70 LPA salary common for Bengaluru techies? Entrepreneur gives a breakdown of real salaries, ‘80% of engineers earn….’
A startup founder debunked the notion of ₹70 lakh salaries being routine in Bengaluru's tech sector, highlighting that such high pay is concentrated in the top 5% of elite firms. The majority of engineers, around 60-70%, work in IT service companies with salaries between ₹3-20 lakh, with the overall average estimated at ₹18-20 lakh annually.
Mutual funds raise tech exposure in March after 8-year low. Tactical move or trend reversal?
Mutual funds raised tech exposure in March after an eight-year low, driven by tactical rebalancing and improved valuations. Experts say global cues like US tech recovery and easing rate concerns are aiding sentiment. Despite recent losses of up to 25%, the sector outlook remains gradually positive, supported by AI and cloud trends, though near-term volatility persists.
Wipro set to announce buyback today: What to expect
Wipro shares are in focus today as the IT giant prepares to unveil its January-March quarter results for FY26, alongside its first share buyback in over five years. Analysts anticipate steady revenue but a dip in profitability due to wage hikes and acquisition costs. Investors will be watching for details on the buyback and the company's outlook for FY27.
Ceasefire not good for stock market? BNP Paribas cuts Nifty target for 2026, but picks 9 stocks
BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and earnings pressure. Still, the brokerage sees opportunities in defensives and strong private-sector lenders, naming nine stocks—including M&M, Infosys, Titan and HDFC Bank—as likely outperformers.
IT stocks to rally on Wednesday? Infosys, Wipro ADRs surge up to 5%. Here's why
IT stocks may rally on Wednesday as Infosys and Wipro ADRs surged overnight, supported by strong gains in US tech stocks and easing fears of AI-driven disruption. Optimism over renewed Iran-US peace talks and falling crude prices softened macro concerns, boosting sentiment for Indian IT companies heavily exposed to the US market.
BSE loses ‘cheap’ tag post 80% rally in one year. Can Q4 performance, NSE IPO drive rerating?
Shares of BSE have surged nearly 80% in a year, backed by strong derivatives growth and operating leverage. Experts see Q4 earnings and the potential National Stock Exchange of India IPO as key triggers for further rerating, though they advise investors to buy on dips amid elevated valuations and sustained momentum.
D-Street week ahead: Q4 earnings, Iran-US talks outcome to drive markets in truncated trading week
Nifty posted its best weekly gain since February 2021, rising 6% on easing geopolitical tensions and falling volatility. Analysts see continued upside toward 24,700, supported by technical strength, earnings momentum, and improving sentiment, though global cues, oil prices, and FII flows remain key risks.
Wipro slides 23% in 3 months, turns Nifty's worst performer. Can buyback, Q4 nos. reverse trend?
Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q3 results and sector-wide AI concerns. Despite a recent 8% gain in April, analysts remain cautious due to weak growth guidance and integration pressures. The company's upcoming Q4 results and potential share buyback will be key triggers.
Buy, Sell or Hold: Goldman Sachs backs TCS, Morgan Stanley stays underweight on Wipro
Brokerages remain divided on frontline stocks, balancing near-term triggers with medium-term growth concerns. Morgan Stanley stays overweight on JSW Steel, citing a constructive outlook despite operational hiccups, while remaining cautious on Wipro due to weak growth visibility. Goldman Sachs maintains a buy on TCS, supported by strong deal wins, though it flags muted revenue momentum and limited clarity on FY27 growth prospects.
TCS Q4 profit up 12%, revenue rises 9.6% amidst AI growth and deal wins
Tata Consultancy Services reported a 12% rise in net profit to Rs 13,718 crore for the March quarter, exceeding analyst expectations. Despite a 2.4% annual revenue decline in constant currency for FY26, the company saw strong AI services revenue growth and secured significant deal wins, signaling a potential turnaround.
TCS Q4 net profit jumps 12% to Rs 13,718 crore on strong deal wins, weak rupee
TCS reported a 12% net profit rise to ₹13,718 crore in Q4, exceeding expectations despite a 2.4% annual revenue decline in constant currency terms for FY26. The company saw strong AI revenue growth, crossing $2.3 billion, and secured significant deal wins, signaling a potential turnaround amidst cautious optimism.
F&O watch: BSE gets Sebi nod to launch BSE Focused IT Index derivatives
Securities and Exchange Board of India approved BSE to launch derivatives on its Focused IT Index, tracking 14 major IT firms. The move comes as the index records sharp declines, offering new hedging and trading opportunities for investors.
IT mojo returns pre-Q4 results; Flipkart's AI sprint
IT stocks have gained momentum ahead of Q4 results. This and more in today's ETtech Top 5.
India's undersea turbulence; Anthropic's courtroom win
The government has asked telcos and subsea operators to assess risks to India's data cables amid the war in West Asia. This and more in today's ETtech Top 5.
TCS, Infosys, Wipro and other IT stocks soar up to 4%. Here’s what’s triggering the surge
IT stocks rallied up to 4% on Wednesday after CLSA retained its Outperform rating on key names, easing concerns around AI-led disruption that had sparked a sharp selloff last month. Coforge and Persistent led gains, rising over 4% each, while TCS, LTIMindtree, HCL Tech, Tech Mahindra and Wipro also posted strong advances.
Rupee tailwind vs AI scare: Are India's beaten-down IT stocks attractive enough to buy amid US-Iran war?
Indian IT stocks are facing a dual challenge. Fears of artificial intelligence disrupting traditional outsourcing models are weighing on the sector. However, geopolitical tensions and a weaker rupee are providing unexpected support. Analysts are divided on whether current valuations offer attractive entry points for long-term investors. The sector is at a crossroads, with a structural transition underway.
Everyone selling IT stocks after record crash, but this Rs 1.3 lakh crore mutual fund doing the exact opposite
While foreign investors fled India's IT sector, dumping Rs 17,000 crore in February, the PPFAS Flexicap Fund made a bold contrarian move. The fund aggressively bought shares in HCL Technologies, Infosys, and TCS, despite AI fears causing the Nifty IT index to plunge. This strategic accumulation contrasts sharply with analyst downgrades and widespread sector pessimism.
FIIs dump Rs 17,000 crore worth of IT stocks in February. Will AI eat software?
Foreign institutional investors dumped nearly Rs 17,000 crore worth of Indian IT stocks in February amid rising concerns that artificial intelligence could disrupt the traditional software services model. While brokerages warn of further downside and earnings risks, some analysts believe AI could eventually expand the industry’s long-term growth opportunities.
F&O Talk | Long-short ratio weakens as Nifty slips below key moving averages: Sudeep Shah on Tejas, UPL and 4 top weekly movers
Indian markets fell sharply with Nifty and Sensex down on broad-based selling. IT and auto sectors led declines, while PSU banks outperformed. Volatility and AI concerns weigh on sentiment, with March outlook cautious amid technical weakness.
AI doomsday fear coming true? Jack Dorsey-led Block lays off nearly half of its staff, Twitter co-founder says 'most companies late'
Jack Dorsey-led Block has cut over 4,000 jobs, or nearly half its workforce, amid an AI boom. The Twitter co-founder said most companies are late and also said that they are not making the decision because they're in trouble. The job cuts come at a time when a new article offering an apocalyptic vision of humanity's future with artificial intelligence has gone viral and caused stock prices to tumble in major tech and financial firms.
Lodha, Godrej Properties, other realty stocks slide up to 5% as IT rout sparks fears over housing demand
Real estate stocks tumbled on Tuesday as sharp IT selloff renewed worries about commercial property demand and urban housing appetite. The Nifty Realty index dropped 3%, with Prestige Estates, Lodha, Signatureglobal and Godrej Properties among the biggest losers, reflecting the sector’s broader underperformance in 2026.
Tech mutual funds emerge worst performers across horizons. Should investors buy more or stay invested?
Technology mutual funds are currently the worst performers across various timeframes. Experts advise against emotional decisions. Investors with limited exposure should stay invested. For new investments, diversified funds are recommended. Sectoral funds require precise timing, making them unsuitable for regular investors. The IT sector faces challenges from global slowdown and AI disruption.
Load More
