Coforge shares jumped on Wednesday, adding more than $500 million in market value after the company delivered a stronger-than-expected earnings outlook for fiscal 2027. Improved operating margins further fueled investor optimism, surprising analysts who had not expected Coforge to outpace larger IT peers. Trading activity reflected bullish sentiment as investors bet on sustained momentum.
Wipro reported a 2% YoY dip in March-quarter net profit to Rs 3,502 crore even as revenue climbed 8% to Rs 24,236 crore. The IT services business grew sluggishly, with revenue up just 0.6% sequentially. Amid cost pressure and declining operating margins, Wipro approved a Rs 15,000 crore share buyback, aiming to reassure investors.
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