Wipro top gainer, up 3% after company announces bonus issue

The stock was up 3.6% to Rs 513 on BSE in early morning trade

Wipro was up 3.6% to Rs 513 on BSE in early morning trade after the company announced issue of bonus shares in the proportion of 1:1, that is 1 bonus shares for every 1 shares held in the company as on the record date to be decided.

Meanwhile, Wipro expects Revenues from IT Services business to be in the range of $1,915 million to $1,955 million for the quarter ending June 30, 2017.

For the quarter ended March 31, 2017 (Q4FY17), the company had recorded revenue of $1,954.6 million, an increase of 2.7% sequentially and 3.9% year-on-year (YoY).