Wipro advances ahead of Q3 results, may meet Q3 guidance

NEW DELHI: Shares of WiproNSE 0.27 % advanced in Tuesday’s trade ahead of its December quarter results scheduled for later in the day.

Jefferies’ analysts Arya Sen and Ankur Pant expect the IT major to report 1.8 per cent QoQ (quarter-on-quarter) growth in revenue in constant currency terms. This would be at the mid-point of the company’s Q3 guidance, which means YoY (year-on-year) growth of only 2.6 per cent, well below its peers.

The scrip rose 0.77 per cent to Rs 256.70 on BSE. It has risen 9 per cent in last one-year compared with 16.81 per cent rise in the BSE Sensex.