IT stocks were in focus today as TCS, Wipro, Infosys and Mindtree shares hit fresh 52-week highs on Monday. BSE Information Technology index rose 3.32 per cent to climb up to a new record high. During the second quarter of FY21, BSE IT index surged 31.7 per cent, significantly outperforming BSE Sensex, which managed to gain 9.2 per cent. Corporate earnings for the July-September quarter will kick start from Wednesday as TCS is scheduled to announce its second-quarter results. Analysts expect Q2 to be a strong quarter for Indian IT companies as all the companies successfully transitioned to ‘work from home’ (WFH) model leading to business continuity and significant cost savings.
From March lows of 10,937.37, BSE IT index has rallied over 90 per cent. In today’s session, TCS shares
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today organized the 15th edition of the ‘Spirit of Wipro’ (SOW) Run globally with thousands of participants across 35 countries, running separately, yet together in spirit, at a time of their choosing.
The theme for this year’s Run was “United. Unstoppable”, which celebrated camaraderie, resilience and a shared sense of community among several thousands of Wipro employees, their friends and families, alumni, customers, partners and suppliers.
The SOW Run is an annual, global tradition at Wipro and has been held every year since its inception. This year too, the Run was organized on schedule despite the pandemic induced constraints. The runners strictly adhered to the local COVID-19 guidelines and safety protocols in various countries while participating in the event.
Commenting on the Run, Thierry Delaporte, Chief Executive Officer and Managing