Devendra Pant, Chief Economist at India Ratings, discusses the shift in FMCG companies’ concerns from rural India to urban demand. Despite steady GST collections and stable unemployment rates, challenges like food inflation and consumer sentiment issues persist. The government projects GDP growth of 6.5-7% for FY25, cautiously optimistic about inflation.
Wipro shares crack 4% after Q4 results. What Goldman Sachs, 3 other brokerages are saying?
Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback.