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- Indian Stock Market Updates September 3, 2018
WIPRO Surges by 5%; BSE IT Index Up 1.3%
Mon, 3 Sep 09:49 AM
WIPRO share price has zoomed 5% and is presently trading at Rs 328.
Meanwhile, the BSE IT Index is at 15,750 (up 1.3%).
Among the top Gainers in the BSE IT Index today is WIPRO (up 5.2%).
ORACLE FINANCIAL SERVICES (down 0.1%) and ECLERX SERVICES (down 0.8%) are among the top losers today.
Over the last one year, WIPRO has moved up from Rs 299 to Rs 328, registering a gain of Rs 29 (up 6.1%).
On the other hand, the BSE IT has moved up from 10,064 to 15,750, registering a gain of 5,686 points (up 56.5%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 184.2%), KPIT TECHNOLOGIES (up 162.8%) and INTELLECT DESIGN (up 153.7%).
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What About the Benchmark Indices?
The BSE Sensex is at 38,934 (up 0.3%).
The top gainers among the BSE Sensex stocks today are WIPRO (up 5.2%), BAJAJ AUTO (up 2.0%) and INFOSYS LTD (up 1.9%). Other gainers include SUN PHARMA (up 1.6%) and TATA MOTORS DVR (up 1.6%). The most traded stocks in the BSE Sensex are WIPRO and YES BANK.
In the meantime, NSE Nifty is at 11,752 (up 0.3%). WIPRO (up 5.2%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,730 to 38,934, registering a gain of 7,204 points (up 22.2%).
WIPRO Financial Update...
WIPRO net profit stood at Rs 21 billion for the quarter ended June 2018, compared to a profit of Rs 19 billion a year ago. Net Sales rose 2.3% to Rs 139.8 billion during the period as against Rs 136.7 billion in April-June 2017.
For the year ended March 2018, WIPRO reported 6.0% decrease in net profit to Rs 80.0 billion compared to net profit of Rs 85.2 billion during FY17.
Revenue of the company grew 1.7% to Rs 545 billion during FY18.
The current Price to earnings ratio of WIPRO, based on rolling 12 month earnings, stands at 17.9x.
Indian Share Market Update: Top Gainers and Losers
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