A challenging global environment, slower ramp-up of deals, and weakness particularly in the financial services sector are likely to have weighed upon Wipro’s performance in the September quarter.Wipro’s consolidated net profit may rise 10.3% on year to Rs 2,933 crore in the September quarter, according to the average of estimates given by nine brokerages, and revenue is expected to grow just 1.3% to Rs 22,828 crore.Sequentially, the topline is expected to be flat, while profit is likely to rise 2.2%, the estimates showed.Investors will see if the company has managed to meet its earnings guidance for the quarter.Based on Wipro’s guidance, revenue was likely to fall up to 2% at the lower end and grow just 1% at the upper end, in constant currency terms.
Multiple local organisations have called for a Bengaluru bandh on Tuesday expressing dissent over the Karnataka state government's decision to release Cauvery water to Tamil Nadu.
The company said on Thursday Dalal was resigning to pursue other opportunities after more than two decades with the company, and will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro s cloud services unit.
The share price of India Cement has generated a breakout above the last nine months range Rs 205-235 signaling continuation of the up move thus offers fresh entry opportunity.