Wipro share price falls over 6 post December quarter results » Matter Catchers

Wipro share price falls over 6 post December quarter results

Wipro share price falls over 6% post December quarter results

🔴 Wipro share price The scrip fell6.27 per cent to Rs 648 all on both the BSE and National Stock Exchange (NSE) during the early morning deals.
Wipro share price Shares of Wipro fell over 6 per cent during the morning deals on Thursday after the company reported Rs crore profit for the third quarter ended December (Q3), hardly advanced than Rs crore recorded during the same quarter of last time. On a successional base, the net profit was over1.3 per cent.

The scrip fell6.27 per cent to Rs 648 all on both the BSE and National Stock Exchange (NSE) during the early morning deals.
At 1105 am, the Wipro stock was trading at Rs650.70 all both on the BSE and NSE, down Rs40.65 (5.88 per cent). The company’s request capitalisation stood at Rs crore according to data available on the NSE.

Over1.69 crore shares of the IT major were traded so far on the NSE in the intraday trade on Thursday while over10.89 lakh shares changed hands on the BSE, data from the separate stock exchanges showed.
On Wednesday after the requests ended, Wipro posted a consolidated net profit of Rs crore for the December quarter, nearly flat compared to the time-ago period, but said demand terrain continues to be “ robust”.

The company has decided to close its services encyclopedically for the coming four weeks “ as a visionary measure” in the background of fast- spreading Omicron variant of coronavirus, Wipro CEO and Managing Director Thierry Delaporte said.
In October last time, the company had mentioned that it’s starting to return to services in numerous corridor of the world, in a staggered manner. The return to office will be a careful and gradational process, the company has also stated.

For the March quarter (Q4), the company expects profit from the IT services business to be in the range of$ million to$ million, rephrasing into a successional growth of 2-4 per cent.
The profit from operations grew29.6 per cent to Rs crore from Rs crore in the quarter ended December 2020. Seen successionally, it was3.2 per cent advanced.

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