NIFTY 50 18,212.35 156.60 (0.87%)
WED, JAN 12, 2022
Prashanth Tapse, Vice President (Research) at Mehta Equities
Wipro Ltd India’s third largest information technology outsourcing company reports quarterly earnings in-line with street expectation including future CC guidance.
Revenues wise Wipro missed street expectations and margins were in-line as expected while net profit was almost flat when compared with Rs 2,968 crore reported in the year-ago period.
As history, company continued to pay dividend and approved an interim of 1 rupee per share. On the revenue guidance and outlook for Q4, Wipro expects revenue from IT segment would sequentially grow of 2% to 4% as expected by street.
Order bookings continued to be robust by adding 7 new customers in the more than $100 mn revenue league, in the last 12 months.
Based on the results we expect stock would react marginally down from today closing of Rs 691 and give opportunity to accumulate in the range of Rs 660-675. We are overall optimistic on the stock with medium to long term horizon
JANUARY 12, 2022 / 04:28 PM IST
Ajit Mishra, VP - Research, Religare Broking:
Markets edged higher and gained nearly a percent, in continuation to the prevailing up move. Upbeat global cues led to a firm start however mixed trends across sectors capped the movement thereafter. Eventually, the Nifty index settled closer to the upper band of the range to close at 18,207 levels. The broader markets too ended higher and gained in the range of 0.7% - 1.2%.
It’s going to be a critical session on Thursday as participants will react to the results of IT majors like Infosys, TCS and Wipro and macroeconomic data (IIP and CPI Inflation) in early trade.
Besides, the scheduled weekly expiry would also keep the volatility high. Amid all, sustainability above 18,200 in Nifty would pave the way for 18350 levels. We’re still seeing opportunities across the board, so traders should maintain their focus on the selection part and align position accordingly.
JANUARY 12, 2022 / 04:24 PM IST
Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:
The Nifty has achieved its short term target of 18140, which is 78.6% retracement of the October – December decline. It got extended beyond that level however halted near the crucial November swing high, which is 18210. On January 12, the index has created a gap are of 18081 – 18128 on the daily chart.
The bulls need to hold on to this gap area in order to keep the upward trajectory intact. In that case, the index can test its weekly upper Bollinger Band near 18400. On the other hand, if the gap gets filled up then it can turn out to be an exhaustion gap & the short term implication will be bearish. Lower end of a rising channel on the hourly chart is also present in this gap area of 18081-18128 thus making it a crucial short term support zone.
JANUARY 12, 2022 / 04:17 PM IST
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
Markets mirrored the gains seen in other global indices as investors lapped up shares of metals, telecom, auto and realty companies. Also, falling omicron cases also provided some support to the markets, which is gearing up for corporate earnings show.
The Nifty has maintained a breakout continuation formation but profit booking at higher levels is not ruled out due to the extended rally in recent sessions.
The 18100 level would be the key to watch out for and above the same the uptrend texture will continue up to 18275-18350. On the other hand, below 18100, the market may trigger short-term correction up to 18050-18000 levels.
Your resume is often the first step to getting an interview with an employer. Make sure you include the most relevant information on your resume, organize it to highlight the most important information, and carefully review for errors. Once your resume is polished and finalized, it should help you get more callbacks, interviews, and job offers.
Visit www.rapidezwriter.com for more advice. Also check our expert services.
#covid #careergoals #careercoach #careerdevelopment #interviewtips #jobopening #careeradvice #linkedin #motivation #resumebuilder #resumeadvice #internship #jobhunting #resumes #resumetemplate #entrepreneur #vacancy #resumebuilding #careerchange #staffing #recruiter #education #hiringnow #bhfyp #cvmurah #cvkreatif #resumeservice #networking #college #marketing