Wipro's market capitalisation zoomed to Rs 2,04,254 crore on Friday as the unprecedented bull run in the scrip continued. It has now hit the upper end of the circuit-filter for the last seven days.
The buying frenzy has helped Wipro to double its market cap in just 12 trading sessions, from
Rs 1,06,265 crore on February 2.
Wipro now accounts for 17.4 per cent of the total BSE market cap, and 64 per cent of the market cap of the sensex, though Wipro is itself not a sensex scrip.
India's second-largest company by market cap, Infosys Technologies, trails far behind with a market cap of Rs 65,082 crore.
Wipro chief Azim Premji now has a networth of Rs 1,53,215 crore. At $35.1 billion, that should make him the third richest businessmen in the world. According to Forbes annual listing of the world's billionaires in 1999, Paul Allen stood third with a networth of $30 billion. Warren Buffett had an estimated networth of $36 billion and Bill Gates ruled the roost with $90 billion
