Wipro's stock surged 23% in less than a month, reaching ₹538 per share, close to its Feb 2024 high of ₹545.90. The rally was driven by Accenture's robust revenue forecast & improving demand in key markets. Brokers CLSA & Nomura upgraded Wipro's rating, expecting revenue growth & improved margins. CLSA set a TP of ₹607, while Nomura raised its to ₹600, making Wipro a top pick in Indian IT space.
Open FlipICICI Lombard's new health insurance product, 'Elevate', offers personalized solutions with cutting-edge features and add-ons, addressing medical emergencies and inflation. Key features include infinite sum insured, infinite claim amount, and a 100% cumulative bonus annually. The AI-powered product provides optimal coverage recommendations, catering to personal health and financial considerations.
Open FlipAltrove, a French startup, is emerging to capitalize on the accelerating innovation in new materials development. The company has secured €1.2 million in seed funding to drive its mission, focusing on sustainable and recyclable materials. With this investment, Altrove aims to disrupt traditional industries and create a significant impact on the market.
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