|Day's Range||253.00 - 259.90|
|52 Week Range||204.05 - 288.90|
|PE Ratio (TTM)||14.74|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market. The more-than-$150 billion industry saw exports rising 7.6 percent last year, according to a statement from The National Association of Software and Services Companies (NASSCOM). Revenue for the domestic market is projected to grow at 10-11 percent in 2017/18, NASSCOM added.
Shareholders of Indian IT company Wipro Limited (ADR) (NYSE: WIT ) went on quite a ride Monday on what appears to be confusion over an upcoming dividend payment. Shares plummeted 50 percent in early trading ...
The clarification from India's third-largest software services company came after its U.S.-listed shares slumped nearly 49 percent to $5.35 in premarket trading. "The company felt that it was important to clarify to the market that the payable date and ex-dividend date for its ADR bonus issue, or stock dividend, are yet to be determined," Wipro said. Wipro, in May, told its investors that the board has fixed June 14 as the record date to determine eligible shareholders entitled to receive bonus share equity for its Indian-listed shares.