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BSE:WIPRO News 16 January 2026

Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

BENGALURU, Jan 16, 2026, 16:44 IST Wipro on Friday reported a 7% fall in third-quarter profit and declared an interim dividend of 6 rupees a share, as a one-time labour code charge weighed on earnings. The Bengaluru-based IT services firm forecast flat to 2% sequential growth in core IT services revenue for the March quarter. Wipro The numbers land in…
16 January 2026
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Stock Market Today

  • Valley National Bancorp (VLY) Stock Shows 51% Undervaluation Based on Excess Returns Model
    February 1, 2026, 1:54 AM EST. Valley National Bancorp (VLY) shares closed at $12.46, up 4.6% over the past week and 26.8% over the last year. Recent analysis highlights the bank's position in the U.S. regional banking sector and valuation compared to peers. Using the Excess Returns model, which estimates intrinsic value based on profits exceeding investor-required returns, the stock is valued at $25.43 per share, indicating a 51% undervaluation relative to current market price. Key inputs include a book value of $13.39 per share, stable earnings per share (EPS) of $1.47, and a cost of equity at $1.06 per share. Investors are advised to consider this undervaluation amidst ongoing reassessments of the bank's risks and rewards.
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