Monday, 30 January 2017

Wipro dips nearly 2% post Q3

Shares of Wipro fell nearly 2 per cent on the Bombay Stock Exchange after the country’s third largest software exporter reported a 5.7 per cent year-on-year decline in consolidated net profit at Rs 2,109.6 crore for the third quarter ended December 31, 2016, as employee costs and technical fees rose. Weighed down by Q3 earnings, shares of company declined as much as 1.61 per cent to hit intra-day low of Rs 465.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm dipped 1.35 per cent to Rs 467.30 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 27,951.10, up 242.96 points, or 0.88 per cent.

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