Wipro stock soared up after its Q3 numbers - from being the top Nifty50 gainer to its shares surging 13% intra day, to hitting a new 52 week high on 15th January, Wipro was buzzing through the day. This despite the fact that their net profit in Q3 declined (YoY), and this was the fourth consecutive quarter of decline. Why did this happen - and why are analysts still in wait and watch mode despite the stock going up? Watch
16 Jan 2024IT stocks went into a tailspin in early deals on Friday with their sectoral index falling over 4 per cent and stocks such as Infosys plunging almost 10 per cent. The fresh jolt to sentiment came from poor June quarter earnings of IT major Infosys which lowered its guidance for FY24.
21 Jul 2023Infy’s woes may not be over yet as it is still under the regulatory lens in US and India, and faces class action suits in USThe statement sent the company’s stock soaring as much as 6.47% in intra-day trading on Monday
1 min read5 Nov 2019Around 2.2-lakh stock incentives in the form of restricted stock units were granted to 6,499 mid-level employees under the 2015 compensation planThe date of grant is November 1 and the price will be the par value of shares of ₹5 face value
1 min read25 Oct 2019The management of Infosys Ltd has been accused of taking 'unethical' steps to boost short-term revenue and profits, by an anonymous group calling itself 'ethical employees'
1 min read23 Oct 2019Law firm hired to independently examine claims made by whistleblowersAudit committee has begun consultations with internal auditors on terms of reference for an investigation
3 min read22 Oct 2019Infosys shares rose as much as 2.02% to ₹658.80 per share following reports that the company's board may consider a share buyback proposal
1 min read24 Dec 2018The market capitalisation of Infosys eroded by 10,079.73 crore to 3,02,545.31 crore at close
1 min read20 Aug 2018Infosys has retained its FY19 guidance for revenue growth in range of 6-8% in constant currency terms
2 min read16 Jul 2018Infosys' American Depository Receipts (ADRs) fell over 4% in early trading on the New York Stock Exchange
2 min read13 Jul 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared