October 28, 2021

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Shares Hit A Record As Brokerages Raise Price Targets

1 min read

Wipro Ltd.’s shares rose to a record after the company’s September quarter earnings beat estimates.Analysts raised their target prices citing broad-based revenue growth, healthy large-deal intake, unprecedented demand environment, especially for new-age services like cloud, as the key reasons for raising the target prices.However, softness in total contract value, rising attrition which is expected to prolong for a few more quarters,…

Bharath Rajeswaran
2021-10-14 00:16:07

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