|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||408.00 - 419.85|
|52-week range||159.40 - 467.45|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||23.40|
|Forward dividend & yield||1.00 (0.24%)|
|1y target est||N/A|
The Zacks Analyst Blog Highlights: MSCI, Black Knight Financial Services, SPS Commerce, FactSet Research Systems and Wipro
Shares of Wipro Ltd fell 6.8% on Wednesday, a day after the software services firm posted quarterly organic revenue growth that was lower than peers and disappointed some investors with its plans to revive growth. Chief Executive Officer Thierry Delaporte, who took the helm in July, said on Tuesday Wipro would focus more on large deals and "prioritize the markets and sectors that are relevant," without giving more details. "The strategic roadmap from the CEO to revive growth was not as strong as it was expected to be," IDBI Capital research analyst Urmil Shah said.
Indian shares ended higher for a sixth session as buyback plans from Tata Consultancy Services and Wipro powered the main stock index to a level last seen in February. IT stocks were among the top gainers on the blue-chip Nifty 50, leading the Nifty IT index up as much as 5.5% to a record high. Wipro Ltd was the top gainer on the Nifty with a 7.2% rise that also saw the stock touch a record high.