Sector Update - Cut Target Prices yet Again; Customer Stress Shows up Earlier than Expected
Just 40 days post our downgrade of the IT sector to ‘underweight’, we have reduced target prices yet again and have moved our entire coverage...
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Mindtree-LTI: Merger Announced to Form India's 5th Largest IT Services Player
Larsen & Toubro (LT IN)'s public-listed subsidiaries Mindtree Ltd (MTCL IN) and Larsen & Toubro Infotech (LTI IN) announced plans to merge. The...
321 Views
Wipro - Weak Growth and Margin Guidance to Cap Upside
Wipro (WPRO) reported 4QFY22 IT Services revenue of USD2.72b (+3.1% QoQ) in constant currency (CC), missing our estimate of +3.5% QoQ CC
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Wipro - Rerating in a Limbo?
In the last 2 years Wipro saw the highest PE rerating among Indian Tier-1 IT players under Thierry Delaporte, who became CEO amidst the pandemic,...
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GEM Weekly (29 Apr 2022): South Korean GDP; NetEase, Tencent Music, SK Hynix, Baidu, Wipro
The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...
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