The Economic Times reported a six-month beta of 0.2422 for Wipro in an update tied to Oct. 29 trading in India, but did not identify the benchmark or method behind the figure.
The liveblog posted the reading at 11:40 p.m. ET on Oct. 28 and characterized it as indicating relatively low risk. It did not name a data provider, and Wipro’s Oct. 15 results release did not include a beta figure.
EconoTimes previously examined differences in beta readings across market data providers, including cases where measurement windows were not stated.
The Economic Times’ liveblog listed Wipro at ₹188.12, up 1.97%, at 1:05 a.m. ET on Oct. 29, then showed a last-traded price of ₹188.32 seven seconds later. An ICICI Direct quote showed ₹187.95, up 1.87%, just after midnight ET. These are separate snapshots from different sources and times.
Wipro reported gross revenue of ₹247.5 billion for the quarter ended Sept. 30, up 1.1% from the prior quarter and 9.1% from a year earlier. IT services revenue was $2,611.5 million, down 0.1% quarter over quarter and up 0.3% year over year; in constant-currency terms, it rose 0.6% year over year. Net income fell 1.9% year over year to ₹32 billion, while IT services operating margin increased 0.5 percentage point from the previous quarter to 16.5%.
For the quarter ending Dec. 31, Wipro forecast IT services revenue of $2,571 million to $2,625 million, equivalent to sequential constant-currency growth of -1.5% to +0.5%.
