Additionally, Cognizant Technology Solutions recently appointed former Infosys president, S Ravi Kumar, as its CEO. However, analysts voice concerns about Wipro's trajectory, emphasizing the company's "struggling turnaround effort, weak mega deal pipeline, and vulnerability to vendor consolidation." Over the past quarter, TCS, Infosys, and HCL Tech secured numerous significant contracts, while Wipro reported fewer major deal victories. Furthermore, rising concerns over the United States' interest rate environment compound the challenges faced by IT firms, with apprehensions about delayed deal closures and order cancellations. After announcing its CFO's departure, Wipro's shares plunged to a near three-week low. However, year-to-date, the shares have increased by 7%, trailing behind the 15% surge in the Nifty IT index. Read more here.