CLSA said Wipro may continue to lose market share to its peers. This is largely due to weak execution around client stickiness with low client mining and high level of revenue leakage during periods of weak discretionary demand.
Delaporte had joined Wipro on July 6, 2020, when the market capitalisation was around Rs 117,500 crore. It ended at Rs 2.53 lakh crore at the end of Friday s session. After the rejig at the top management, the stock fell up to 1% at Rs 478.40 on BSE on Monday.