💨 Abstract

Wipro's shares surged 8% on Monday, their best performance in nearly four years, following a positive outlook on demand revival. The IT services company reported better-than-expected Q3 revenue and profits, with CEO Srinivas Pallia indicating a return of discretionary spending. This optimistic outlook was backed by 8 brokerages raising their rating on Wipro's stock and 16 raising their price targets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖