Wednesday 13 April 2016

Wipro climbs 2.8%; to consider buyback of equity shares

Wipro, in a filling to the BSE, said that the Board of Directors will consider a proposal for buyback of equity shares of the company on April 20, 2016. Wipro will announce its Q4 FY16 and full financial year results on April 20, 2016. 

Wipro Limited
Wipro climbed 2.8% to Rs. 584.45 on Wednesday. The company, in a filling to the BSE, said that the Board of Directors will consider a proposal for buyback of equity shares of the company on April 20, 2016. Wipro will announce its Q4 FY16 and full financial year results on April 20, 2016.

The scrip opened at Rs. 583.75 and has touched a high and low of Rs. 591.95 and Rs. 582.3 respectively. So far 678534(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 140383.89 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 624.4 on 13-Apr-2015 and a 52 week low of Rs. 508.9 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 570.05 and Rs. 542.1 respectively.

The promoters holding in the company stood at 73.35 % while Institutions and Non-Institutions held 15.52 % and 10.53 % respectively.

The stock is currently trading above its 200 DMA.

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