|Bid||292.65 x 0|
|Ask||292.80 x 0|
|Day's Range||292.00 - 294.55|
|52 Week Range||204.05 - 303.40|
|PE Ratio (TTM)||16.68|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wipro Limited (WIT) moved big last session, as its shares rose over 5% on the day.
Wipro Ltd (WIPR.NS), India's third-largest software services exporter, said on Wednesday that more than half its workforce in the United States consists of locals after it hired more than 1,600 people in the last six months. The statement comes as U.S. President Donald Trump has asked federal agencies to review a visa program that Indian IT firms such as Wipro use to fly engineers to the United States to service clients. Wipro rival Infosys Ltd (INFY.NS) last month said it planned to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States.
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.