Wipro shares jump 4% on Q2 beat, bonus issue. Should you buy, sell or hold?
- Posted on October 18, 2024
- By Business News Today
- 1 Views
Wipro shares jump 4% on Q2 beat, bonus issue. Should you buy, sell or hold?
Shares of Wipro surged up to 4% after posting a 21.3% YoY jump in net profit for Q2 and announcing a 1:1 bonus issue. Despite achieving improved margins, analysts have mixed outlooks with Nomura forecasting EBIT margin growth and others noting weak revenue indicators for the upcoming quarters.
