Wipro Q1 below estimates; hold the stock: IT Analyst
By Prashant R Nair | Published On: July 24, 2012 09:34 (IST) | Duration: 3 min, 44 sec
Wipro, India's third largest software services firm reported muted growth in the June quarter. Net profit rose 6.6 per cent sequentially to Rs 1,580 crore in the June quarter against Rs 1,481 crore in the March quarter. That was lower than estimates of Rs 1,641 crore. Abhishek Shindadkar, IT Analyst, ICICI Securities told NDTV Profit that the numbers are weak. He maintains a hold rating on the stock.