Hello Hitesh sir, I would like to ask what’s your view on Wipro, it is fundamentally a good company until the last quarter but in June 2022 results the company took a hit, the OPM% decreased and net profit also took a hit moreover FIIs ratio down from 8.12 to 6.95. And recently it formed a bearish head and shoulder pattern in the day chart and today Wipro laid off 300 employees who were moonlighting (not sure it is a big news or not). Would like to get your view on this both fundamentally and technically. Or this have anything to deal with US recession coz major IT is based on US. Need some clear info on this. Thanks in adavance sir.
Posts in category Value Pickr
Hitesh portfolio (21-09-2022)
Hello Hitesh sir, I would like to ask what’s your view on Wipro, it is fundamentally a good company until the last quarter but in June 2022 results the company took a hit, the OPM% decreased and net profit also took a hit moreover FIIs ratio down from 8.12 to 6.95. And recently it formed a bearish head and shoulder pattern in the day chart and today Wipro laid off 300 employees who were moonlighting (not sure it is a big news or not). Would like to get your view on this both fundamentally and technically. Or this have anything to deal with US recession coz major IT is based on US. Need some clear info on this. Thanks in adavance sir.
