Wipro Ltd (WIPR.BO)
* Q2 net profit down 13.8 percent after $75 mln one-off charge
BENGALURU/MUMBAI Indian software services exporter Wipro Ltd on Wednesday called out its healthcare services business in the United States as a challenge as uncertainties over Obamacare meant insurers are holding off on big technology expenditure.
Oct 24 Indian software services exporter Wipro Ltd on Wednesday reported a 13.8 percent fall in second-quarter net profit, dented by higher expenses.
** Shares of Wipro Ltd fall as much as 2.94 pct to 300 rupees, their lowest since Aug. 31
** Shares of Wipro Ltd fall as much as 3.29 pct to 314.6 rupees, their lowest since Sep. 5
** Expect divergent organic growth across top-tier Indian IT services cos in Q2, with Tata Consultancy Services Ltd leading at 3.8 pct q-o-q - Jefferies
** Shares of Wipro Ltd gain as much as 1.76 pct to 336 rupees, their highest since March 11, 2015
Indian shares reversed course to end lower in the final hour of trade on Monday, tracking global cues, with the Indian rupee hitting a record low and crude prices on the climb.
Sept 3 Indian shares edged higher on Monday, driven by the software services sector after Wipro Ltd bagged its biggest contract, while strong economic data also boosted sentiment.
** Shares of Indian software services exporter Wipro Ltd jump as much as 8.6 pct to 327 rupees, in their biggest intraday pct gain since July 2013