Financial Daily
from THE HINDU group of publications
Saturday, July 21, 2001
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Financial Daily from THE HINDU group of publications Saturday, July 21, 2001 |
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Wipro: Bolstering of revenues
THE stock of Wipro is likely to rule firm in the backdrop of the sizable order that the company has bagged from a UK-based company.
The value of the order has been placed at $70 million (approx Rs 330 crore). Wipro was expected to be affected due to ramping down of revenues contributed by GE and also the slowdown affecting telecom companies. In this backdrop, the bagging of the order
suggests that Wipro will be on course for meeting its estimates of improving the industry's growth rate. The stock closed at Rs 1,381. -- BL Research Bureau
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