WIPRO at 52 Week High; BSE 500 Index Up 1.0%

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WIPRO at 52 Week High; BSE 500 Index Up 1.0%
Mon, 14 Sep 10:07 AM

WIPRO share price has hit a 52-week high at Rs 299 (up 2.0%).

Meanwhile, the BSE 500 Index is at 15,184 (up 1.0%).

Among the top gainers in the BSE 500 Index today are WIPRO (up 2.0%) and MULTI COMMODITY (up 18.1%).

PTC INDIA LTD (down 7.5%) and CORPORATION BANK (down 3.9%) are among the top losers today.

Over the last one year, WIPRO has moved up from Rs 248 to Rs 299, registering a gain of Rs 51 (up 20.51%).

The BSE 500 has moved up from 14,288 to 15,184, registering a gain of 896 points (up 6.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 1222.7%), LAURUS LABS LTD (up 281.1%) and DIXON TECHNOLOGIES (up 279.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,230 (up 0.7%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 6.3%), TECH MAHINDRA (up 2.8%) and TCS (up 2.2%). Other gainers include INFOSYS (up 2.2%) and INDUSIND BANK (up 1.1%). The most traded stocks in the BSE Sensex are HDFC and SBI.

In the meantime, NSE Nifty is at 11,563 (up 0.6%). HCL TECHNOLOGIES (up 5.7%) and TECH MAHINDRA (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,271 to 39,230, registering a gain of 1,959 points (up 5.0%).

WIPRO Financial Update...

WIPRO net profit down at Rs 24 billion for the quarter ended June 2020, compared to a loss of Rs 25 billion a year ago. Net Sales declined 3.6% to Rs 149.1 billion during the period as against Rs 154.7 billion in April-June 2019.

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 18.5x.



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