Wipro dips over 4% on Weak Q2
Shares of Wipro fell over 4 per cent on the Bombay Stock Exchange after the country’s third largest software exporter reported that its consolidated net profit for the second quarter ended September 30, 2016 fell by 7.6 per cent at Rs 2,070.4 crore from the same period a year ago while third quarter revenue guidance missed analysts’ estimates.
Weighed down by Q2 earnings, shares of company dipped as much as 4.22 per cent in intra-day to trade at Rs 478.10 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company tanked 3.45 per cent to Rs 482.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,172.45, up 95.27 points, or 0.34 per cent, at 12:40 hours.
Shares of Wipro fell over 4 per cent on the Bombay Stock Exchange after the country’s third largest software exporter reported that its consolidated net profit for the second quarter ended September 30, 2016 fell by 7.6 per cent at Rs 2,070.4 crore from the same period a year ago while third quarter revenue guidance missed analysts’ estimates. 
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