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.
Valuations turn attractive as markets look beyond uncertainty: A Balasubramanian
Amidst geopolitical uncertainty, market expert A Balasubramanian suggests the worst may be nearing an end, with improving macro signals and reasonable valuations in Indian equities.