Wipro's Q4 profits decrease but the board has approved a share buyback, signaling confidence in the company's future prospects. Meanwhile, HDFC AMC's profit drops and Alok Industries' losses widen, indicating challenges for these businesses.

Alok Industries has reported a significant consolidated net loss of INR 744 crores for the fiscal year 2026. The board has approved the results, with KFintech being appointed as the new registrar and transfer agent.

Alok Industries posts a wider quarterly loss of INR 1.9 billion compared to last year, despite an increase in revenue by 3% to INR 9.82 billion.

Alok Industries reported a net loss of approximately INR 1.93 billion in Q4 FY23, despite generating operational revenue of INR 9.83 billion during the same period.

Alok Industries showed a significant rise of 9.8% this week, surpassing the Sensex's 5.3% growth, indicating resilience against a 'Strong Sell' rating, suggesting potential undervaluation or market inefficiencies.