Shares of IT firm Wipro today fell by 2.5 per cent after the company's June quarter earnings failed to enthuse investors.
The stock declined 2.47 per cent to close at Rs 276.05 on BSE. Intra-day, it dropped 6.76 per cent to Rs 283.05.
At NSE, shares of the company lost 2.49 per cent to settle at Rs 275.95.
In terms of equity volume, 4.22 lakh shares of the company were traded on BSE and over 88 lakh shares changed hands at NSE during the trade.
India's third largest IT firm Wipro on Friday posted over 2 per cent increase in consolidated net profit at Rs 2,120.8 crore for June 2018 quarter.
The net profit, attributable to shareholders, in the year-ago period was at Rs 2,076.7 crore.
More From This Section
According to a regulatory filing by Wipro, its total profit grew marginally to Rs 2,093.8 crore for the April-June 2018 quarter, from Rs 2,082.6 crore in the year-ago period.
The results were announced post market hours on Friday.
Its revenue from operations grew 2.5 per cent to Rs 13,977.7 crore during the period under review from Rs 13,626.1 crore in the same quarter last year.