WIPRO Surges by 8%; BSE IT Index Up 8.1%
March 20, 2020 12:10 PM

WIPRO share price has zoomed 8% and is presently trading at Rs 176.

Meanwhile, the BSE IT Index is at 12,319 (up 8.1%).

Among the top Gainers in the BSE IT Index today are WIPRO (up 8.0%) and TCS (up 9.1%).

Over the last one year, WIPRO has moved down from Rs 258 to Rs 176, registering a loss of Rs 82 (down 32.1%).

On the other hand, the BSE IT has moved down from 15,125 to 12,319, loss of 2,806 points (down 18.6%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 29,198 (up 3.0%).

The top gainers among the BSE Sensex stocks today are ONGC (up 12.3%), HCL TECHNOLOGIES (up 9.6%) and TCS (up 9.1%). Other gainers include TECH MAHINDRA (up 8.0%) and HUL (up 7.7%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 8,560 (up 3.5%). The top gainers in the NSE Nifty include ONGC (up 13.1%), GAIL (up 12.2%) and TCS (up 10.1%). Other gainers include HCL TECHNOLOGIES (up 9.6%) and BHARTI INFRATEL (up 8.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,363 to 29,198, registering a loss of 9,165 points (down 24.04%).

WIPRO Financial Update...

WIPRO net profit down at Rs 25 billion for the quarter ended December 2019, compared to a loss of Rs 25 billion a year ago. Net Sales rose 2.7% to Rs 154.7 billion during the period as against Rs 150.6 billion in October-December 2018.

For the year ended March 2019, WIPRO reported 12.7% increase in net profit to Rs 90.2 billion compared to net profit of Rs 80.0 billion during FY18.

Revenue of the company grew 7.5% to Rs 586 billion during FY19.

The current Price to earnings ratio of WIPRO, based on rolling 12 month earnings, stands at 10.6x.