After the results in the stock of IT company Wipro, there is a great boom.
After the results in the stock of the legendary IT company Wipro, there is a great boom. In the April 16 business, Wipro reached a price of Rs 470 with a sharp increase of 39 points i.e. 9%.
Best fourth quarter in 10 years
The company’s dollar revenue grew nearly 4 percent. The company says that the fourth quarter was the best in 10 years. The company’s IT business income in the fourth quarter was Rs 16,334 crore. Which has been more than anticipated. On a quarter-on-quarter basis, the consolidated profit of the company increased by 0.1 per cent to Rs 2,972.3 crore.
Also read- Covid impact: Will banks be closed two days a week now? Know the complete plan ..“We are excited to see good business growth. We are seeing growth in all major markets on a year-on-year basis. This will help us lay the foundation for good growth next year,” said Wipro CEO and MD Thierry Delporte.
What is a brokerage house called?
According to the money control news, CITI has given a buy rating on WIPRO and has fixed the target at Rs 510. UBS has given NEUTRAL rating on WIPRO and has fixed the target at Rs 470. CLSA has given an underperform rating on WIPRO and has fixed the target at Rs 450.