HSBC Remains a Hold on Wipro Limited (WIPRO)
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In addition to HSBC, Wipro Limited also received a Hold from Morgan Stanley's Gaurav Rateria in a report issued on July 18. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on Wipro Limited (NSE: WIPRO).
Based on Wipro Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR225.04 billion and a net profit of INR35.7 billion. In comparison, last year the company earned a revenue of INR222.08 billion and had a net profit of INR28.35 billion
Based on the recent corporate insider activity of 375 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WIPRO in relation to earlier this year.
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