After Israel & Iran attack on each other, crude oil increased by 3 percent. Middle East conflict will have an impact on all oil related stocks like OMCs, paints, tyres & aviation.
Wipro: Nomura India said investors will play a close attention to the new CEO’s strategy, which may come in next 1-2 quarters. It feels that it is unlikely to be revealed during the upcoming March quarter results conference call on April 19.
The change of guard at Wipro is coming at a time when the IT major s operating margins are the lowest among its peers. And the change comes at a time when clients are in no mood to ramp up big budget transformation deals.