{"id":110530,"date":"2023-09-22T11:07:39","date_gmt":"2023-09-22T05:37:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110530"},"modified":"2023-09-22T11:08:47","modified_gmt":"2023-09-22T05:38:47","slug":"large-cap-it-stock-declines-2-7-after-companys-veteran-cfo-resigned-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-it-stock-declines-2-7-after-companys-veteran-cfo-resigned-check-the-details\/","title":{"rendered":"Large cap IT stock declines 2.7% after company&#8217;s veteran CFO resigns; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3065587908\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of India&#8217;s fourth largest software service company declined around 2.7 percent to Rs 417.50 a share after the company\u2019s veteran CFO Jatin Dalal resigned.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2206785457\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10:40 a.m., On the National stock exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/WIPRO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Wipro Ltd<\/a><\/strong> shares were trading at Rs 420.90 per share, down 1.83 percent from the previous close price. The company has a market capitalization of Rs 2,19,861 crore.\u00a0<\/p><p>Wipro&#8217;s Board of Directors approved Mr. Jatin Pravinchandra Dalal&#8217;s resignation, which will take effect on November 30, 2023. Meanwhile, during the board\u2019s meeting on September 21, 2023, the Board of Directors approved the appointment of Ms. Aparna Iyer as Chief Financial Officer of the Company, effective September 22, 2023.According to the company\u2019s BSE filing.&nbsp;<\/p><p>The Company&#8217;s return on equity decreased from 18.69 percent in FY22 to 14.61 percent in FY23, while the return on capital employed declined from 20.43 percent to 17.46 percent during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3199214620\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Wipro&#8217;s sales grew by 6 percent year on year, rising from Rs 21,528 crore in Q1FY23 to Rs 22,831 crore in Q1FY24. Net profit climbed by 13 percent within the same period, from Rs 2,560 crore to Rs 2,885 crore.&nbsp;<\/p><p>The promoters own 72.91 percent of the company, domestic institutional investors own 9.83 percent, and foreign institutional investors own 6.32 percent, according to the latest shareholding pattern.&nbsp;<\/p><p>Wipro Ltd. is a global information technology, consulting, and business process services (BPS) company that offers a comprehensive portfolio of consulting, design, engineering, and operations skills.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3243046165\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of India&#8217;s fourth largest software service company declined around 2.7 percent to Rs 417.50 a share after the company\u2019s veteran CFO Jatin Dalal resigned.&nbsp; At 10:40 a.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 420.90 per share, down 1.83 percent from the previous close price. The company has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":109371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12363,12364,4201],"class_list":["post-110530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-why-is-wipro-share-falling","tag-wipro-new-cfo","tag-wipro-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap IT stock declines 2.7% after company&#039;s veteran CFO resigns; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of India&#039;s fourth largest software service company declined around 2.7 percent to Rs 417.50 a share after the company\u2019s veteran CFO Jatin Dalal resigned.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-it-stock-declines-2-7-after-companys-veteran-cfo-resigned-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap IT stock declines 2.7% after company&#039;s veteran CFO resigns; 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