Wipro to announce Q4 for FY 20 on 15 April 20

IT major Wipro will announce its fourth-quarter financial results on 15 Apr 20 (Wednesday). This time announcement of corporate earnings for this quarter will be delayed given the ongoing lockdown due to COVID – 19 outbreak.

The Meeting of the board of directors will be held on 15 April 20 to consider and approve the consolidated financial results of the company for the quarter and year ended 31 March 20.

The board will also look at the recommendation of final dividend for the financial year ended 31 Mar 20 at this m+eeting.

The results will be announced after market trading hours as per wipro said.

Its peers group like TCS will announced its fourth – quarter FY results on 16 Apr 20 but still Infosys and HCL Tech are yet not announced their financial results dates.

SEBI has already given relaxation of 45 days to companies for filling Q4 FY 20 results and one month has been given for filling Q4 corporate governance reports and three weeks for shareholding pattern and complaint reports.

Operation of businesses across the world have been impacted by the COVID – 19. The government, on 14 April 20 announced a lockdown in the country till 03 May 20 to contain the spread of infection.

Technical Chart & Option Chain Overview for 15 Apr 20

According to current month option chain, the support level for Wipro is placed at 180 and resistance is placed at 200.

According to Technical Chart, the support level for Wipro is placed at 175 and resistance is placed at 200.

MACDNegative
RSI45.55
Technical ViewNeutral to Negative
Technical Support175
Technical Resistance200
Trading Range175-200

How to Trade Wipro on 15 April 20

SELL WIPRO @ 192-195 Stop Loss @ 201 Target 1- 185 Target 2- 181

11 Comments

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