October 16, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Wipro – A steady quarter amid strong demand, tight supply

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, Wipro – A steady quarter amid strong demand, tight supply, The World Live Breaking News Coverage & Updates IN ENGLISH
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, Wipro – A steady quarter amid strong demand, tight supply, The World Live Breaking News Coverage & Updates IN ENGLISH

We would recommend adding Wipro

, Wipro – A steady quarter amid strong demand, tight supply, The World Live Breaking News Coverage & Updates IN ENGLISH

PRO Only Highlights
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook

Wipro’s initial (CMP: Rs 673, Market Cap: Rs 368,639 crore) gains from a turnaround has largely played out. The steady quarter, in terms of strong growth and encouraging commentary on demand alongside supply challenges, echoes the outlook shared by most of its peers. With bold inorganic bets, the stock can narrow the valuation gap with large-cap leaders, should the growth momentum sustain alongside the improving trend in margin, and supply challenges not upsetting the apple cart. (image) Source: Company Key positives Wipro…

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