Wednesday 20 July 2016

Wipro plunges 4% post Q1 results

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 20519 million for the quarter ended June 30, 2016 as compared to Rs. 21918 mn for the quarter ended June 30, 2015.

Wipro
Wipro Ltd stock was lower by 4% at Rs.526.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 20519 million for the quarter ended June 30, 2016 as compared to Rs. 21918 mn for the quarter ended June 30, 2015. 

Total Income has increased from Rs. 129040 mn for the quarter ended June 30, 2015 to Rs. 142176 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 511 and has touched a high and low of Rs. 527.5 and Rs. 511 respectively. So far 2256198(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 135741.77 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613 on 01-Oct-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. 577.5 and Rs. 545 respectively.

The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 16.18 % and 9.87 % respectively.

The stock is currently trading below its 200 DMA.

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