Wipro Building Sequential Momentum, Although Some Weakness Persists; Shares Fairly Valued
Wipro’s third-quarter results were in line with expectations after accounting for foreign-exchange effects. The quarter was characterized by a gradual sequential improvement across most industry verticals, with a highlight being Wipro’s ongoing growth in its important banking, financial services, and insurance practice. BFSI tends to lead the market in new technological adoption, and Wipro’s digital transformation practice is seeing good demand from financial institutions. To that end, Wipro’s d...
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