Wipro shares climb 2%
Mcap swells by Rs 4,756.93 cr
image for illustrative purpose
New Delhi: Shares of IT services company Wipro on Monday climbed 2 per cent as investors remain unfazed by the below market expectations guidance provided by the company. The stock advanced 2.01 per cent to settle at Rs 461.95 apiece on the BSE. During the day, it jumped 2.90 per cent to Rs466. On the NSE, it climbed 2 per cent to Rs 461.95 per share.
The company’s market capitalisation (mcap) climbed Rs 4,756.93 crore to Rs 2,41,377.31 crore. Wipro on Friday reported a 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs2,834.6 crore, and cautioned that the macroeconomic environment remains “uncertain”.
The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new Chief Executive Officer, has given IT Services revenue growth guidance in the (-)1.5 per cent to 0.5 per cent band for the June quarter on a constant currency basis.
