An analysis of the last 12 quarterly results of Wipro shows that on 7 occasions, the stock has given positive returns on post-earnings days. Wipro’s best post-earnings day was in July 2020 when the stock ended with a gain of nearly 17% amid Covid-related tailwinds.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to