Wipro Stock Jumps Over 8%

New Delhi: Shares of Wipro on Monday surged over 8 per cent after the firm topped street ex-pectations with a 24.4 per cent year-on-year rise in consolidated net profit for the December quarter. The stock jumped 8.33 per cent to Rs 305.35 on the BSE and 8.31 per cent to Rs 305.40 on the NSE. Wipro on Friday topped street expectations with a 24.4 per cent year-on-year rise in consolidated net profit for the December quarter at Rs 3,354 crore, as the top brass of India’s fourth-largest IT services company guided for a “more hopeful and resilient” 2025. Its CEO and Managing Director Srinivas Pallia said clients are cautiously optimistic, and added that discre-tionary spending is slowly returning. Wipro, which competes with larger rivals such as TCS and Infosys in the IT services market, reported better-than-expected net profit numbers for Q3 FY25, but called out softness in Asia Pacific, Middle East and Africa (APMEA) and Europe regions.