Wipro’s share price closed at Rs 532.50 on October 16, 2024, remaining flat ahead of its Q2 FY25 earnings report. Analysts anticipate muted growth in IT services revenue, predicting a constant currency growth of about 0.1%. Guidance for Q3 is expected to fall within the range of -1% to +1%. Key factors to watch include Wipro’s revenue guidance, potential bonus share announcements, deal wins, and performance in the BFSI segment.
Phillip Capital projects that while the BFSI and healthcare sectors may contribute to growth, challenges in the Energy & Utilities (E&U) segment could balance out these gains. The company’s margins are expected to remain stable due to optimized operational factors, but subdued growth may limit margin expansion.
Wipro’s board will convene on October 17, 2024, to discuss a possible bonus issue, which would mark the company’s sixth bonus issuance in the past two decades. The last bonus shares were issued in March 2019 at a ratio of 1:3. Investors are closely monitoring these developments and the management’s commentary during the earnings announcement.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The analysis and predictions regarding Wipro’s share price and financial performance are based on market expectations and may not accurately reflect actual results. Investors are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.
Leave a Reply