Wipro slipped 1.3% to Rs 511.50 at 12:16 IST on BSE, with the stock declining on profit booking after recent upmove.
Meanwhile, the S&P BSE Sensex was down 156.72 points or 0.74% at 21,014.69
On BSE, so far 58,921 shares were traded in the counter as against average daily volume of 3.13 lakh shares in the past one quarter.
The stock hit a high of Rs 518 and a low of Rs 508.50 so far during the day. The stock hit a 52-week high of Rs 522 on Tuesday, 10 December 2013. The stock hit a 52-week low of Rs 315.30 on 31 May 2013.
The stock outperformed the market over the past one month till 11 December 2013, rising 7.76% compared with the Sensex's 3.32% rise. The scrip had also outperformed the market in past one quarter, rising 9.05% as against Sensex's 5.87% rise.
The large-cap company has an equity capital of Rs 493.06 crore. Face value per share is Rs 2.
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Shares of Wipro were on a roll recently, gaining 10.04% in eight trading days to Rs 518.25 on 11 December 2013 from a recent low of Rs 470.95 on 29 November 2013.
Wipro after market hours on 4 December 2013 said that the company will discontinue manufacturing of Wipro branded desktops, laptops and servers to enable the company to focus on IT solutions and services. Wipro said that the company took this decision after evaluating the changing market scenario and customer needs. Wipro will, however, be present in the PC market by providing suitable brands as a part of its solution offerings in large integrated deals.
Wipro reported 28% growth in consolidated net profit from continuing operations to Rs 1932 crore on 19% growth in revenue from continuing operations at Rs 10992 crore in Q2 September 2013 over Q2 September 2012.
Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally.
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