https://economictimes.indiatimes.com/markets/expert-view/nifty-bank-may-outperform-in-medium-term-not-in-absolute-short-term-amisha-vora/articleshow/93853758.cms #ASHOKLEY #CGPOWER #WIPRO

*Stocks in News* Wipro: The stock will be in focus as the IT services provider has received a multi-year contract to deliver Service integration and management (SIAM) services to HM Treasury (HMT). Wipro and HMT will collaborate to enable end-to-end SIAM services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT's vendors. Max Healthcare Institute: HDFC Asset Management Company bought 0.4 percent equity stake in the company via open market transactions on August 16. With this, its shareholding in the company stands increased to 5.18 percent, up from 4.78 percent earlier. Greenpanel Industries: Rating agency ICRA has upgraded the long term ratings of the company to A+ (stable) and short term ratings to A1+, from A and A1, respectively. Metropolis Healthcare: Vijender Singh has resigned as the Chief Executive Officer of the company. The company has agreed to release him from the position of CEO from the closing of business hours of August 17. Talbros Engineering: The company has commenced construction on land acquired admeasuring 2.2 acre in Faridabad for setting up of new production unit. SecMark Consultancy: The company said the meeting of board of directors is scheduled to be held on August 23 to consider issue of bonus shares to the equity shareholders. The board will also approve the proposal of migration of company from SME platform of BSE to Main Board of BSE Limited as well as listing on the Main Board of National Stock Exchange. #WIPRO #METROPOLIS #MAXHEALTH #TALBROAUTO

Wipro’s Margin Crisis💵🔻🔻 Wipro has decided to hold back variable payouts for the June quarter due to the pressure on its operating margin. According to an email received earlier, Employees belonging to C bands and above (managers to C-suite level) would not receive any variable payouts while associates in A & B Bands (freshers to team leader levels) would receive 70% of target variable pay for the quarter subject to billability threshold. Email said that the company’s Q1 operating margin is as lower as 15% due to inefficiency in our talent supply chain, project margins and investments in talent, technology during the current quarter. Given the underperformance of the margins, variable pay took a hit. While announcing the quarterly results, the company's CFO stated that margins will improve going forward because they have bottomed out over the last couple of quarters. They have been making conscious investments in the business, so margins have been bottoming out all along. Do you think Wipro’s margins are going to improve going forward? #WIPRO #InvestmentIdeas

#WIPRO Wipro 442 approaching 1st destination of 445 above that 455 final destination