Wipro jumps 4% on ₹12,000-crore share buyback plan
The IT major was the top gainer on the BSE Sensex as investors cheered the buyback of 26.96 crore shares at a premium of 19%.
it sector
April 2023
LTIMindtree Q4 results: Profit flat at ₹1,114 cr; declares dividend of ₹40
In dollar terms, net profit dropped 7.8% YoY to $135.6 million, while revenue rose 11.9% YoY to $1,057.5 million.
IT majors TCS, Infosys, Wipro rise on robust Q4 from peer HCL Tech
HCL Tech shares climbed over 3% in early trade, whereas TCS, Infosys, and Wipro gained nearly 1% on the BSE.
Infosys shares extend fall post Q4; should you buy or sell?
The IT heavyweight has fallen 11% in two of three trading sessions post Q4 results, while it lost ₹62,477 crore in market valuation during the same period.
Tech Mahindra shares plunge 8%; here’s why
Citi has downgraded Tech Mahindra to “sell” from “neutral” and cut the target price to ₹955 from ₹1,100.
Infosys ADR nosedives 10% on NYSE on disappointing Q4, weak guidance
The U.S.-listed shares of Infosys plunged to $15.40 on NYSE, registering their biggest one-day selloff since December 2020.
Infosys Q4 results: Profit up 7.8%; revenue rises 16%; declares dividend of ₹17.50
The IT major forecasts slower revenue growth of 4-7% for FY24; EBIT margin to grow at 20-22%.
Infosys shares fall 3% ahead of Q4 results; here’s why
Infosys shares currently trade below its average target of ₹1,720.36, a potential upside of 24% from the current market price
TCS shares fall post Q4 results. Here’s what analysts say
Most analysts have kept ratings unchanged on TCS post Q4 results; the IT heavyweight has an average target of ₹3,694, an upside of 16% from the current market price.
TCS shares end lower ahead of Q4; key things to watch out for
Axis Securities expects TCS to report revenue growth of 2.5% QoQ, while its operating margins are likely to expand by 97 bps in Q4FY23.
