Wipro ADRs Rebound From Lows On Q3 Revenue Guidance
Wipro secured new business in a quarterly results development.
· NDTV Profit
Wipro remained confident about the coming quarters, supported by its existing pipeline and deal wins.
The analysis
Against that, the stock is +1.8% on the day at ₹174.05, and has returned -0.3% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +2.9% over the same period, so Wipro is running 3.2 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.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
In this story
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