Previous close | 3,852.20 |
Open | 3,855.15 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 3,802.55 - 3,876.80 |
52-week range | 3,156.00 - 4,254.75 |
Volume | |
Avg. volume | 2,561,480 |
Market cap | 13.826T |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 30.34 |
EPS (TTM) | 125.97 |
Earnings date | 11 Jul 2024 |
Forward dividend & yield | 51.00 (1.32%) |
Ex-dividend date | 19 Jan 2024 |
1y target est | 4,186.40 |
Workers at the 600,000-strong consultancy risk receiving no bonus if they come into the office fewer than three days a week.
Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.
Commanding higher pricing for technology contracts will be one of the ways Tata Consultancy Services looks to "further enhance" its operating margin that is already at a 12-quarter high, its chief financial officer said on Saturday. During its fourth quarter results on Friday, the company reported a 150 basis point increase in its operating margin from a year earlier to 26% on account of "disciplined execution" and lower subcontractor costs. Seksaria also said any price increases would be "structural" in nature and will be used as a medium- to long-term strategy.