WIPRO share price has plunged 5% and is presently trading at Rs 288.
Meanwhile, the BSE IT Index is at 14,636 (Up 0.1%).
Among the top losers in the BSE IT Index today are WIPRO (down 5.32%) and 8K MILES SOFT (down 10.00%)
NIIT LTD (up 1.27%) and HCL TECH. (up 1.24%) are among the top gainers today.
Over the last one year, WIPRO has moved up from Rs 269 to Rs 288, registering a gain of Rs 19 (up 7.06%).
The BSE IT has moved up from 10,154 to 14,636, registering a gain of 4,482 points (up 44.14%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were L&T INFOTECH LTD (up 126.39%), KPIT TECHNOLOGIES (up 126.33%) and FIRSTSOURCE SOL. (up 118.09%).
What About the Benchmark Indices?
The BSE Sensex is at 36,584 (up 0.24%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 3.62%), ITC LTD (up 1.96%) and BHEL (up 1.33%). Other gainers include ICICI BANK (up 1.26%) and NTPC (up 1.22%). The most traded stocks in the BSE Sensex are ITC LTD and SBI.
In the meantime, NSE Nifty is at 11,052 (up 0.38%). UPL LIMITED (up 6.53%) and ASIAN PAINTS (up 3.79%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,904 to 36,584, registering a gain of 4,680 points (up 14.67%).
WIPRO Financial Update...
WIPRO net profit declined 6.7% YoY to Rs 18 billion for the quarter ended March 2018, compared to a loss of Rs 19 billion a year ago. Net Sales rose 0.7% to Rs 137.7 billion during the period as against Rs 136.7 billion in January-March 2017.
For the year ended March 2018, WIPRO reported 6.0% decrease in net profit to Rs 80.0 billion compared to net profit of Rs 85.2 billion during FY17.
Revenue of the company grew 1.7% to Rs 545 billion during FY18.
This article was originally published in English at www.equitymaster.com
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