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WIT

Wipro

13:18
06/12/17
06/12
13:18
06/12/17
13:18

Wipro issues statement after NYSE contact, says ex-dividend date undetermined

Wipro issued the following statement: "In view of today's market activity in the Wipro stock, the New York Stock Exchange has contacted the company in accordance with its usual practice. The company felt that it was important to clarify to the market that the payable date and ex-dividend date for its ADR bonus issue, or stock dividend, are yet to be determined. At NYSE, for ADR stock dividends or bonus issue, the ex-dividend date is set as the first business day after the stock dividend is paid, which is also after the record date. Therefore NYSE has not yet declared an ex-dividend date for Wipro's ADR program. Once the payable date is declared NYSE will announce the ex-dividend date for the ADR."

WIT Wipro

10/24/16
NOMU
10/24/16
DOWNGRADE
NOMU
Reduce
Wipro downgraded to Reduce from Neutral at Nomura
Nomura analyst Ashwin Mehta downgraded Wipro Reduce given citing slowing growth, weak margin trends, and no signs of a turnaround.
01/06/17
LYON
01/06/17
UPGRADE
LYON
Buy
Wipro upgraded to Buy from Outperform at CLSA
06/06/17
JEFF
06/06/17
DOWNGRADE
JEFF
Underperform
Wipro downgraded to Underperform from Hold at Jefferies
06/07/17
JEFF
06/07/17
DOWNGRADE
JEFF
Underperform
Wipro downgraded to Underperform on lack of growth at Jefferies
Jefferies analyst Vaibhav Dhasmana last night downgraded Wipro to Underperform with a price target of 440 rupees. The company has delivered "zero organic growth" over the past five quarters, and things are unlikely to change soon, Dhasmana tells investors in a research note. The analyst sees "too much optimism" following the recent share performance.

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