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The move comes at a time when incumbent CEO Thierry Delaporte has been under pressure for middling growth, falling margins and a raft of top level exits. ....
In the case of Wipro, Axis Securities said the IT stock has recently demonstrated a robust breakout above the neckline of the 'Inverted Head & Shoulders' pattern at Rs 444, accompanied by a strong bullish candle. This it said, indicates a positive bias.
As the holiday season kicks in, the Indian equity market is not expected to see much action on Tuesday owing to the likelihood of muted response from FIIs. ....
Wipro saw heavy trading volumes today as 17.77 lakh shares were last seen changing hands on BSE. The figure was way more than the two-week average volume of 3.46 lakh.
Shares of Allcargo Logistics rallied 10% to Rs 315 on NSE after the company announced that it will demerge its money-spinning international business ECU Worldwide into a separate listed entity Allcargo ECU ....