Gold Silver Reports (GSR) – Starting next year, Wipro is assured of at least $140 million in revenue, a shot in the arm for Abidali Neemuchwala, who since taking over as chief executive officer in February 2016 has been trying to put the Bengaluru-based company back on the growth path.
Wipro
Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial
✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.
✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.
✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.
Stock Market Update : Wipro Halts Nine-Day Rally Ahead Of Earnings
Shares of Wipro Ltd. halted a nine-day rally, its longest winning streak in two weeks. The stock fell as much as 0.6 percent to Rs 284.20, ahead of its earnings announcement.
Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint
Gold Silver Reports (GSR) – Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint – Shares of the information technology company fell as much as 4.6 percent to Rs 274, after weak March quarter earnings missed estimates widely.
Stocks To Watch: Wipro, Kitex, Future Retail, Emami
Gold Silver Reports (GSR) – The S&P BSE Sensex fell 0.3 percent or 115.37 points to 34,501.27 and the NSE Nifty 50 index declined 0.4 percent or 43.80 points to 10,570.55. India’s benchmark indices snapped their two-day winning streak dragged down by bank and metal stocks amid the weakening rupee which fell to a fresh 13-month low.
Gains In RIL, Bharti Airtel Cap Losses For Sensex, Nifty
Gold Silver Reports (GSR) – Gains In RIL, Bharti Airtel Cap Losses For Sensex, Nifty – Indian equity benchmarks edged lower dragged by HDFC Bank, Kotak Mahindra Bank and HDFC. However, the losses were capped as index heavyweight Reliance Industries, Bharti Airtel and Wipro saw buying interest. The S&P BSE Sensex fell 0.1 percent or 30 points to 34,585 and the NSE Nifty 50 index declined 0.13 percent or 14 points to 10,600.