400 Wipro trainees face over 5-yr wait for full-time roles after hiring
Wipro reported results.
· BS Companies
Wipro has reportedly delayed permanent onboarding for at least 400 WILP trainees, some of whom may now spend more than five years in the programme before becoming full-time…
The analysis
Against that, the stock is -0.3% on the day at ₹159.14, and has returned -7.2% over three months. It sits 42% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Wipro is running 8.3 points behind its peers.
For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
In this story
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