Wipro - Q4FY17 Result Review - Kotak Securities Limited

Dipen Shah, Sr. Vice President - PCG Research at Kotak Securities Limited views on Q4FY17 Wipro results

"Wipro's results were a mixed bag with revenues coming marginally higher and margins slightly lower v/s expectations. The guidance of (-)2% - 0% growth in 1QFY18 is a negative surprise and is due to cancellation of projects in the healthcare business as well as structural challenges in retail vertical. This, once again, reflects the need for better account management at Wipro".

Shares of WIPRO LTD. was last trading in BSE at Rs.490.6 as compared to the previous close of Rs. 494.55. The total number of shares traded during the day was 1206650 in over 20186 trades.

The stock hit an intraday high of Rs. 513 and intraday low of 489. The net turnover during the day was Rs. 601505768.

Source : Equity Bulls

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