Wipro shares in Thursday's trade (april 15,2021) gained to day's high price of Rs. 433, gains of more than 3 percent. This is even as the IT index is down by over 0.5 percent at the time of writing this copy.
The IT firm is due to announce its Q4FY21 earnings today in which the company's is expected to report flat quarter-on-quarter growth in profit for the just ended quarter. Though there is an expectation that growth could be as high as 26-32 percent on a YoY basis. Revenues are seen rising 3 per cent both on sequential and year-on-year bases.
Nonetheless margins may be impacted on account of salary hikes implemented during the three-month period.
According to a Bloomberg consensus, the company may report a net profit of Rs. 2873.7 crore as well as revenue of Rs. 15986.8 crore for the fiscal fourth quarter.
Shares of Wipro last were up 2.69 percent at Rs. 430.20 per share.