Wipro rose 0.88% to Rs 547.20 at 12:13 IST on BSE after a bulk deal of 18.57 lakh shares was executed on the scrip at Rs 546.50 per share at 10:06 IST on BSE today, 26 July 2016.
Meanwhile, the S&P BSE Sensex was up 7.89 points or 0.03% at 28,103.23
Bulk deal boosted volume on the scrip. On BSE, so far 23.72 lakh shares were traded in the counter as against average daily volume of 2.50 lakh shares in the past one quarter. The stock hit a high of Rs 550.90 and a low of Rs 541.75 so far during the day. The stock had hit a 52-week high of Rs 613 on 1 October 2015. The stock had hit a 52-week low of Rs 508.90 on 29 February 2016. The stock had underperformed the market over the past one month till 25 July 2016, falling 2.44% compared with Sensex's 6.43% rise. The scrip also underperformed the market in past one quarter, falling 1.81% as against Sensex's 9.41% rise.
The large-cap company has equity capital of Rs 494.15 crore. Face value per share is Rs 2.
On consolidated basis, Wipro's net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.
Wipro is one of the leading global information technology, consulting and outsourcing companies.
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