Wipro reported strong order bookings but saw revenue decline and margins contract. The company’s management noted no significant demand changes from the prior quarter. Future revenue guidance remains cautious, expecting a slight drop or marginal improvement. However, annual revenue trends show moderation, aided by acquisitions and steady orders. Stock valuation reflects investor sentiment, awaiting revenue and profitability improvements.
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut
Dolat Capital has initiated coverage on NSE with a ‘sell’ rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage