WIPRO at All Time High; BSE IT Index Up 0.9%

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WIPRO at All Time High; BSE IT Index Up 0.9%
Thu, 14 Oct 09:39 AM

WIPRO share price has hit an all-time high at Rs 724 (up 4.5%).

Meanwhile, the BSE IT Index is at 35,794 (up 0.9%).

Among the top gainers in the BSE IT Index today are WIPRO (up 4.5%) and TATA ELXSI (up 2.4%).

HEXAWARE TECHNOLOGIES and INFIBEAM AVENUES (down 0.6%) are among the top losers today.

Over the last one year, WIPRO has moved up from Rs 378 to Rs 724, registering a gain of Rs 346 (up 86.1%).

The BSE IT has moved up from 22,334 to 35,794, registering a gain of 13,460 points (up 57.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were TATA ELXSI (up 323.8%), PERSISTENT SYSTEMS (up 224.6%) and ECLERX SERVICES (up 221.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,159 (up 0.5%). The top gainers among the BSE Sensex stocks today are L&T (up 1.9%), SBI (up 1.2%) and INFOSYS (up 1.1%). Other gainers include HDFC BANK (up 1.0%) and NTPC (up 1.0%). The most traded stocks in the BSE Sensex are ITC and INFOSYS.

In the meantime, NSE Nifty is at 18,295 (up 0.6%). The top gainers in the NSE Nifty include WIPRO (up 4.9%), L&T (up 2.0%) and ADANI PORTS & SEZ (up 1.8%). Other gainers include INFOSYS (up 1.5%) and IOC (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 40,594 to 61,159, registering a gain of 20,565 points (up 50.3%).

WIPRO Financial Update...

WIPRO net profit stood at Rs 32 billion for the quarter ended June 2021, compared to a profit of Rs 30 billion a year ago. Net Sales rose 17.9% to Rs 184.7 billion during the period as against Rs 156.7 billion in April-June 2020.

For the year ended March 2021, WIPRO reported 11.1% increase in net profit to Rs 108.6 billion compared to net profit of Rs 97.7 billion during FY20.

Revenue of the company grew 1.3% to Rs 619 billion during FY21.

The current Price to earnings ratio of WIPRO, based on rolling 12 month earnings, stands at 32.9x.

What else is happening in the markets today? Dig in...

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Nov 29, 2021 03:36 PM