Wipro stock surges 8% on beating Q3 estimates, positive outlook for demand revival

From Investing.com: 2025-01-19 23:55:32

Wipro’s shares surged 8% on Monday, the best in four years, after beating Q3 revenue and profit estimates. CEO Srinivas Pallia noted a slow return of discretionary spending amid macroeconomic challenges faced in 2024. At least 8 brokerages raised ratings and 16 raised price targets on Wipro’s stock, with BFSI segment showing 11% revenue growth. The sector has faced sluggish growth due to global uncertainties and inflationary pressures.



Read more at Investing.com: India’s Wipro eyes best day in four years on echoing IT peers’ demand revival hopes By Reuters