24-07-2022
Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis
Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company.
CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price.
Profit of the company fall 21% YoY
Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end!
Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity.
According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics
WIPRO
Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis
Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company.
CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price.
Profit of the company fall 21% YoY
Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end!
Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity.
According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics
WIPRO