Wipro faces revenue growth challenges, particularly in Europe, despite growth in America. The company focuses on large deals and cost optimization to maintain profitability amidst margin pressures. Strategic priorities include targeting key accounts, building AI-powered solutions, and upskilling talent. Wipro is committed to returning capital to shareholders while navigating uncertain market conditions.
Negative Breakout: These 5 stocks cross below their 200 DMAs
In the Nifty200 pack, five stocks’ closing prices crossed below their 200-day moving averages (DMA) on October 23, according to technical scan data from StockEdge.