Stock Market Today, July 18 -- Wipro share price gains 4% in the morning trades on Friday post Q1 results declared after the market hours on Thursday. Wipro also announced a dividend. Should you buy or sell the stock?
The Bengaluru-based company posted a consolidated net profit of Rs.3,336 crore in Q1FY26, representing a 10% YoY increase. though on a sequential basis the Wipro net profit declined 7%.
Its constant currency revenue fell both sequentially and year-on-year, coming in at $2,590 million, down 2% sequentially and 2.3% YoY, but beating expectations. The IT segment's revenue was $2,587.4 million, a 0.3% decrease from the previous quarter and 1.5% year-on-year.
The Q1 performance came in line with or slightly higher than analyst...
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