Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><ul><li>4QFY23 performance in line; balance sheet deterioration seen: Wipro’s QoQ CC IT Services revenue growth in 4QFY22 at 3.1% (6th successive quarter of 3%+ growth) was in line.</li></ul><div><ul><li>EBIT margin for IT Services at 17% was in line. <span style="font-size: var(--content-font-size);">The large deal TCV for FY22 was US$2.3bn, which is lower than for 2HFY21.</span></li></ul><div><div><div><div><ul><li>However, ACV grew by 30% in FY22, likely due to a large number of short-cycle deals. There was deterioration in unbilled revenue in 4QFY22, leading to it becoming 7.7% of FY22 revenue against 4.4% in FY21.</li></ul></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

4QFY23 performance in line; balance sheet deterioration seen: Wipro’s QoQ CC IT Services revenue growth in 4QFY22 at 3.1% (6th successive quarter of 3%+ growth) was in line.EBIT margin for IT Services at 17% was in line. The large deal TCV for FY22 was US$2.3bn, which is lower than for 2HFY21.However, ACV grew by 30% in FY22, likely due to a large number of short-cycle deals. There was deterioration in unbilled revenue in 4QFY22, leading to it becoming 7.7% of FY22 revenue against 4.4% in FY21.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Wipro Ltd

Wipro - Rerating in a Limbo?