Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6%

Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)

SI Reporter New Delhi

Photo: Bloomberg

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Stocks to Watch on Jan 15: Wipro, HCL Tech, Jio Fin, BHEL, Tata Consumer

Wipro: IT major Wipro has forecast a muted sequential revenue growth of -1.5 per cent to 0.5 per cent in constant currency for the fourth quarter ended March 2024 as deal ramp ups and client decision making are yet to gain pace.

It posted a net profit of Rs 2,700 crore for the third quarter ended December 2023, down 12 per cent from a year ago but up 1.2 per cent quarter-on-quarter. The American Depository Receipts (ADRs) of Wipro jumped 17 per cent on the New York Stock Exchange (NYSE) on January 12 as the company's third quarter results were in line with expectations.

HCL Technologies: The company's revenue for the quarter grew 6.5 per cent year-on-year to Rs 28,446 crore, and 6.7 per cent on a quarter-on-quarter basis.

This is one of the highest revenue growths since Q3FY21. It reported a net profit of Rs 4,350 crore, up 6.2 per cent year-on-year, and 13.5 per cent sequentially. Read
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