From Financial Modeling Prep: 2025-01-20 02:18:13

Wipro’s (NYSE:WIT) stock surged 8% after reporting strong Q3 results and a positive demand outlook, making it the best trading day in four years.

The BFSI segment, contributing 33% of revenue, showed 11% YoY growth, reflecting recovery in critical verticals like banking and insurance.

Market sentiment is bullish with Wipro emerging as a top gainer on Nifty 50 index, backed by 8 upgraded ratings and 16 raised price targets.

Despite a challenging 2024, Wipro and peers anticipate a stronger 2025 with stabilizing economic conditions and increased spending in key sectors like BFSI and retail.



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