Wipro extends fall on disappointing Q4 results; stock nears 52-week low

The company has guided for a revenue growth between 1 per cent and 3 per cent for the first quarter of FY23

Shares of Wipro declined 3 per cent to Rs 493.55, falling 5 per cent from its intra-day high of Rs 519 on the BSE, in Monday's intra-day trade after it reported a disappointing margin for March quarter (Q4FY22). 

The stock of the information technology (IT) software & consulting company was close to its 52-week low price of Rs 477.80, touched on May 4, 2021. In the past one month, it has slipped 18 per cent as compared to 4 per cent decline in the S&P BSE Sensex.

Wipro's net profit rose 3.85 per cent year-on-year (YoY), and 4 per