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The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue. ....
Wipro shares have declined 11% from their 52 week high of Rs 443.60 hit on September 15 this year. The IT stock hit an all-time high of Rs 726.70 on January 3, 2022. ....
Wipro share price today: Wipro stock hit an all-time high of Rs 726.70 on January 3, 2022. Wipro shares closed on a flat note at Rs 382.05 in the previous session, falling 47.42% from record high during the period. ....
Brokerages expect Wipro’s revenue to decline in Q2. This is due to the macroeconomic slowdown and cut backs on discretionary IT spending by clients. ....