January 22, 2018 / 4:47 AM / 9 months ago

BUZZ-India's Wipro shares fall as Q3 results disappoint

** Wipro Ltd slides as much as 3.6 pct to 317 rupees, in biggest intraday pct loss since Sept. 14

** Stock is top pct loser on Nifty IT index, which is down 0.45 pct

** Software services exporter on Friday reported an 8.5 pct fall in qtrly profit on one-off provisions

** Wipro sees March-qtr core IT services revenue to rise between $2.03 bln - $2.07 bln, compared with $2.01 bln in Dec qtr

** Emkay Research analysts say March-qtr revenue guidance at 1-3 pct q-o-q growth “not inspiring”; retains “reduce” rating with unchanged PT of 260 rupees

** Nomura says Wipro remains least preferred in IT sector, growth to under-perform rivals; rating “reduce”, with PT of 270 rupees

** Stock’s median PT is 277.50 rupees - Thomson Reuters Eikon data

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below