indiabiz-live-wipro-stock-rises-amid-modest-q1-outlook-share-repurchases-to-boost-stock-price-

1.  HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS ECONOMIC MARKETS FUND RAISING Top Stories Samantha Ruth de?es gender norms in Pepsi’s Rise Up Baby Campaign Wipro Stock Rises Amid Modest Q1 Outlook; Share Repurchases to Boost Stock Price  Home - Markets - Wipro Stock Rises Amid Modest Q1 Outlook; Share Repurchases to Boost Stock Price  Search here ... Latest Update RECENT POPULA R COMMO N  April 28, 2023 Dish Tv Teamed up with haeywa, a Cash Payments Platform  April 28, 2023 Markets The Centre is Expected to Pursue Differentiated Taxes for Online Gambling  April 28, 2023 By Gurpreet Kaur  2 hours ago  0  5  2 minutes read Facebook Twitter            April 28, 2023 Aksum has Raised $1 million in Pre-Series A Investment for its B2B SCaaS Platform Wipro shares rose 3% in Friday trading after a few brokerages claimed the Rs 12,000 crore share repurchase decision may help the IT company. The IT major’s Mach quarter earnings were mediocre, and its outlook for the June quarter was bleak. According to a brokerage, the sole bright spot in Wipro’s March quarter performance was its major deal wins.   According to IDFC Securities’ recent analysis, the stock price may get near-term support because of the repurchase. Nirmal Bang Institutional Equities, which has a ‘Sell’ recommendation on Wipro, believes the company will bene?t from the repurchase in the short run. This ?rm anticipates that the repurchase will take place in the third quarter.    April 28, 2023 Wipro Stock Rises Amid Modest Q1 Outlook; Share Repurchases to Boost Stock Price Wipro announced a Rs 12,000 crore share buyback at Rs 445 per share, representing an 18.7per cent premium over the current market price. The repurchase represents 4.9 per cent of total outstanding shares. The repurchase may provide a stabilising force to the share price in the short term, according to Kotak Institutional Equities.    According to HDFC Institutional Equities, there are no positive catalysts in the short term, and the repurchase helps to cushion the price.   Most Viewed  February 15, 2023 However, the big buy-back programme will consume a considerable percentage of the company’s cash and investments and may jeopardise its capacity to continue dividends during FY24/25E, according to Motilal Oswal Securities.   Adani Group equities are the Subject of This Week  HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS ECONOMIC MARKETS The stock increased by 2.56per centto a high of Rs 383.95.   Wipro’s Q4 Earnings    March 3, 2023 FUND RAISING  The Bengaluru-based IT ?rm reported a 0.4 per cent year-on-year (YoY) drop in March consolidated quarter earnings to Rs 3,074.50 crore, down from Rs 3,087.30 crore in the previous quarter. Sales for the VCs’ ?xation with start-ups’

2. topline, says CEO of Infosys quarter increased 11.17per centto to Rs 23,190.30 crore, with the IT Services operating margin remaining constant sequentially at 16.3 per cent.   Dollar sales were $2,823 million, with IT services reporting a 0.6% decline in revenue in constant currency terms. Wipro forecasts revenue from its IT Services division, which includes the India State Run Enterprise (ISRE) sector, to be in the $2,753 million to $2,811 million range, corresponding to a sequential projection of minus 3 per cent to 1 per cent in constant currency terms.    January 31, 2023 IHC investment leads Adani Enterprises shares to boost by 5%   Weak Q1 guidance   According to Kotak, the sole positive in Wipro’s Q4 statistics was major transaction wins of $1.1 billion. Wipro’s June quarter is usually bad, but the level of degradation projected by the projection suggests either continued pain in macro-impacted sectors or revenue leakage, according to Kotak.    February 20, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52- week Highs They suspect that it is a mix of both, it added, lowering its target price for the company to Rs 360 from Rs 370.   Despite a robust deal intake in recent quarters, Emkay Global’s Q1 revenue growth estimate fell short of expectations, and the disparity between transaction intake and revenue conversion remained perplexing.   Considering the Q4 performance, buyback, and weak Q1 guidance, they reduced their EPS estimates for FY24/25 by 1.3 percent/3.4 per cent. They maintain their BUY rating on the stock, with a target price of Rs 470 per share at 17 times Mar-25E EPS (previously, Rs 480),” the ?rm stated.    February 27, 2023 M-cap of the Adani Group falls below the Rs 7 lakh crore threshold  Motilal Oswal Securities has reduced its FY24E/FY25E earnings per share by 7.2% and 4.4%, respectively, to account for slower FY24E growth due to a lower exit rate in the March quarter and a subdued 1HFY24. It rates the syock as neutral, believing that the present valuation is fair. This brokerage values the stock at Rs 360.  March 3, 2023 Buy Adani Group Stocks, Advises ICICIdirect   You can share this post!           Most Reviews  Previous article Samantha Ruth de?es gender norms in Pepsi’s Rise Up Baby Campaign Next article  Aksum has Raised $1 million in Pre-Series A Investment for its B2B SCaaS Platform RECENT POPULA R COMMO N  April 28, 2023 Related Articles Dish Tv Teamed up with haeywa, a Cash Payments Platform MARKETS MARKETS MARKETS  April 28, 2023 The Centre is Expected to Pursue Differentiated Taxes for Online Gambling Bajaj Finance Stock Rises 3% on ‘Near Faultless’… 7 Gujarat PSU shares are up 17% in… Adani Po Scrutiny  April 28, 2023 Aksum has Raised $1 million in Pre-Series A Investment for its B2B SCaaS Platform  April 27, 2023  April 26, 2023  April 24 Leave a Reply Your email address will not be published. Required ?elds are marked * Comment * HOME CAMPAIGNS DIGITAL MEDIA MARKETING STARTUPS ECONOMIC MARKETS FUND RAISING 

3. Newsletter Name * Email * POST COMMENT Subscribe to our mailing list to get the new updates!  Subscribe our newsletter to stay updated Your email a  About Indiabiz Recent Post Popular Categories Trending Post  April 28, 2023 Campaigns Digital Media Adani Group equities are the Subject of This Week  Dish Tv Teamed up with haeywa, a Cash Payments Platform Economic Fund Raising Marketing Markets Politics Startups  April 28, 2023 Uncategorized VCs’ ?xation with start-ups’ topline, says CEO of Infosys The Centre is Expected to Pursue Differentiated Taxes for Online Gambling  April 28, 2023 IHC investment leads Adani Enterprises shares to boost by 5%   Aksum has Raised $1 million in Pre-Series A Investment for its B2B SCaaS Platform © Copyright Indiabiz.live 2022. Designed and Developed by VUI Live 