Wipro surges 18% as Q1 operational performance beats Street estimate

Published On: Wednesday, July 15, 2020 | By: Team KnowMyStock

Shares of Wipro surged 18 per cent to Rs 268.7 on the BSE on Wednesday, their biggest single-day percentage gain since May 2004 after the Bangalore based information technology (IT) services major reported a better-than-expected performance in June quarter of FY21. Around 2,972,739 shares changed hands on the counter. The total market cap of Wipro Ltd. stood at Rs 148689.7 crore. The company had reported a net profit of Rs 2,390.20 crore which grew by 0.11 per cent year-on-year (YoY) for the quarter ended June 30, beating analysts' expectations. Revenue stood at Rs 14,913.10 crore in the first quarter of the current financial year, marking a fall of 5.08 per cent compared to the previous quarter. The earnings before interest and tax (EBIT) grew by 3.3 per cent to Rs 2,782.2 crore and margin rose 146 bps QoQ to 19.06 per cent during the April-June period.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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