The American Depository Receipts (ADRs) of Wipro Ltd were up 17 per cent on Friday
Wipro, analysts said, is the only IT major -- out of four that are out with December quarter results
On Monday, the stock hit 13.10 per cent to hit a high of Rs 511.95 on BSE
IT scrip is up 15 per cent in the last one month.
This is against a 7 per cent rise for HCL Technologies Ltd, 5 per cent for Infosys Ltd and 2 per cent for Tata Consultancy Services Ltd.
Wipro’s Q3 performance suggests inflection
CAPCO, its consulting business, saw double digit booking growth.
Wipro’s muted Q3FY24 performance and Q4FY24 guidance leave much to be desired – though we do see signs of gradual improvements.