India's Wipro rises as Street pins hopes on new CEO after Q4 results

FILE PHOTO: Figurines with computers and smartphones are seen in front of Wipro logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

BENGALURU (Reuters) - Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround.

Its shares were up 1.8% at 460.60 rupees by 10:10 a.m. IST, leading gains on the Nifty IT index, which is up 0.3%.