Tech Mahindra, Wipro Q4 earnings: Should investors buy/sell these IT stocks?
Stock prices of Tech Mahindra and Wipro will react to the Q4 earnings on Friday. Apart from results, other key factors to dictate these IT stocks performance would be Wipro's ₹12,000 crore buyback announcement and Tech Mahindra's final dividend for FY23.
Two tech giants Tech Mahindra and Wipro have announced their fourth quarter earnings for FY23. Although Wipro's top-line YoY growth was in line with estimates, however, the FY24 guidance is below expectations. Wipro's net profit was broadly subdued in the quarter. Meanwhile, Tech Mahindra posted a weak quarter with double-digit decline PAT on rising expenses and reduction in clients spending. Both the companies stock will be in focus on Friday after the Q4 numbers.
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