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Wipro share price: Wipro rallies 10% after Q4 earnings. What analysts say


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NEW DELHI: After Tata Consultancy Services (TCS) and Infosys not-so-surprising numbers, Wipro s March quarter results surprised many, especially a lower-than-expected sequential fall in margin.
Analysts say they are liking the IT major s progress under the new management and are impressed by its strong margin management, deal wins (even as they were concentrated) and guidance for the June quarter. That said, they warned that rich valuations offer limited potential upside for Wipro shares.
The stock rose 9.62 per cent to hit a 52-week high of Rs 472.50 on BSE.
Wipro has been lagging its larger peers in the past few years, with only low single-digit organic constant currency revenue growth. But the latest quarter was a third straight three-month period in which Wipro delivered strong results on both revenue and margins fronts. ....

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Private Banks Q4 preview: Rise in bond yields may dent income; NPA nos eyed


A seasonally strong quarter in terms of credit disbursal, along with a pick-up in economic activity is set to aid private banks’ earnings in the March quarter of financial year 2020-21 (Q4FY21). However, while the year-on-year (YoY) report card may show a stellar improvement, courtesy low base effect, sequential performance may be largely flat as the sector grapples with a second wave of Covid-19.
Analysts believe that the truer impact of Covid-19 as regards non-performing assets (NPAs) could be visible in the quarter even as banks may be tempted to remain prudent while creating provisions due to the second virus wave. ....

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smallcap stocks to buy: 8 smallcaps where MFs hiked stakes in Q4. Worth investing?


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NEW DELHI: Mutual funds bought dozens of smallcap and midcap stocks during the March quarter. Among them, at least eight stocks saw MF holding go up by over 100 basis points, March quarter shareholding data available so far suggests.
Analysts have been positive on many of these stocks of late. Among them, Mayur Uniquoters saw MF holding rise by 222 basis points to 3.6 per cent at the end of March quarter from 1.38 per cent at the end of December. The stock is up 34 per cent so far in 2021.
Sharekhan is expecting the company to report a 40 per cent year-on-year (YoY) rise in March quarter profit. ....

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