Wipro Shares Rise Over 3% After Earnings Announcement

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Wipro shares rose on Thursday, a day after the software services company reported a net profit of Rs. 2,387.6 crore for the quarter ended June 30. The shares of Wipro advanced as much as 3.58 per cent to Rs. 268.90 on the National Stock Exchange (NSE) on Thursday. On the Bombay Stock Exchange (BSE), Wipro shares rose 3.52 per cent to touch an intraday high of Rs. 268.85.

Wipro’s net profit of Rs. 2,387.6 crore for the quarter ended June 30 marked a decrease of 3.86 per cent compared to its net profit of Rs. 2,483.5 crore for the quarter ended March 31, but was higher than analysts’ estimates.

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