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Wipro stock price today: CEO Thierry Delaporte's resignation leads to drop; here's what analysts expect | India Business News

India Business News: Wipro stock price experienced a 1% drop on Monday, hitting a low of Rs 479 on the Bombay Stock Exchange. The sudden departure of CEO and Managing Director Thierry Delaporte caught investors off guard, leading to concerns about the company's immediate future, said an ET report. Many brokerage firms have issued sell ratings on Wipro's stock, anticipating a period of uncertainty before any potential turnaround. ....

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Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said.

Delaporte, Wipro s seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020.

Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue. ....

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