Wipro Q2: The buyback announced by Wipro has come in at Rs 9500 crores which is fairly in line with what most of the analysts were working with. Rs. 9500 crores are the buyback price of Rs. 400 per share as per the agencies report. The last two buybacks in Wipro were in the range of 10,500 to 11000 crores. This buyback amount of Rs. 9500 crores are fairly in line with the estimate. The consolidated revenue for Wipro is Rs. 15,114.5 crores which are largely in line with the expectations. In terms, if the IT Services there is not much difference as per the expectations.
HDFC Sec IR Amit Chandra of said the actual numbers are lower than expected and is less than what they have done in the past. Aniket Pande of Prabhudas Lilladhar said the numbers are higher than what he has estimated in terms of earnings.
#WiproBuyBackShares #WiproShares
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