Wipro shares surged 5% following strong third-quarter earnings, which saw a 24% YoY increase in net profit and a marginal rise in revenue. Investor sentiment was buoyed by robust deal momentum, including $3.5 billion in contracts. Technical indicators suggest a bullish trend, with Wipro benefiting from global tech rallies and sectoral optimism.
Market keenly watching if Budget could trigger mass market consumption: Sunil Subramaniam
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes,
January 23, 2025