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The efficient market hypothesis posits that stock prices are a function of information and rational expectations, and that newly revealed information about a company's prospects is almost immediately reflected in the current stock price. This would imply that all publicly known information about a company, which obviously includes its price ...
Wipro Enterprises Private Limited is an Indian multinational company whose main activities are in the fast-moving consumer goods, lighting, hydraulic cylinders, industrial automation, 3D printing and aerospace component manufacturing and industrial water treatment business.
In 2004, Wipro became the second listed Indian IT company to report annual revenues exceeding US$1 billion. [17] By 2006, approximately 30% of its total revenue came from product engineering R&D services. [18] In 2007, Wipro introduced a line of supercomputers known as Wipro Supernova. [19]
Well, it recently yielded a fat 6.6%! And better still, its shares seem attractively valued, with a recent forward-looking price-to-earnings (P/E) ratio of 8.7, well below the five-year average of ...
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Futures made up for lost ground after the Commerce Department's second estimate confirmed the economy grew at 2.8% in the third quarter, in line with economists' forecasts.
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This has been done by transferring 213 million equity shares of Wipro Ltd, held by a few entities controlled by him, to the Azim Premji Trust. This donation is the largest of its kind in India. In March 2019, Premji pledged an additional 34% of Wipro stock held by him to the foundation. At a current value of about US$7.5 billion, this ...