Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
Wipro secured new business in a defence development with September 17 in focus.
· ET Stocks, Economic Times Markets, Business Standard Mkts
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture.
Key facts
- Dates in focus
- September 17
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.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
In this story
Related coverage
Wipro Share Price Live Updates: Wipro Stock Details
TCS, Infosys, HCL Tech, Wipro, TechM: Will IT emerge as dark horse? What analysts say, fresh targets
TCS dividend 2026 record date, Q2 FY 2027 results announcement date and time, schedule, dividend history - Details
Q2 results today: TCS, Indian Bank, 4 others set to announce earnings
TCS shares rise ahead of Q2 results; Mphasis, Coforge, Infosys also gain; here's why