Wipro Q3 FY 20 Financial Highlight
Result Analysis:
• Revenue up by 3% at 154705 million (YOY)
• Net down by 3% at 24630 million (YOY)
• EBITDA decreased by 5% at 37277 million (YOY)
• EBITDA margin at 24.10% Vs 26.04% down by 194 bps (YOY)
View: Company has reported a weak quarterly result.
Technical view - Hurdle around 262, breaks and close above 262 will see upside movement till 275 +++ levels in days to come. Support around 250, breaks and close below 250 will take it to 240---235 levels in days to come.