Wipro share price falls over 4% post after Q2 results

Here we are sharing a piece of big news with you Wipro is an Indian multinational corporation that supplies information technology, consultant and business process services. It is one of the best and most well-known leading Big tech companies. Wipro’s capabilities range across could computing, digital transformation, computer security and many more. On Thursday, 19 October 2023, this company’s share cost fell more than 4% in early trade on BSE. Now many people are super curious to know about the whole information about the news. We have more information about the news and will share it with you in this article.

wipro

As we already mentioned Wipro’s share price fell by over 4% on Thursday after the It company released its July to September quarter (Q2) profits. Today Wipro’s share worth unlocked at 393 against the last close of 407.40 and descended 4.25% to beat the intraday low of 390.10 in Thursday’s trade so far. Around 9:20 a.m., the stock was 3.53% down at 393 on the BSE. Currently, this news has been making headlines on the internet as many people are super eager to know about the complete article. Scroll down to the next page for more information about the news.

According to the report, Wipro’s stake worth has greatly underperformed the equity benchmark Sensex in the previous year. The stake has achieved around 11% in the same period. Wipro share cost its annual high of 443.60 on 15 September 2023 and its 52-week low of 351.85 on 17 April 2023 on the BSE. Now fans want to know about the Wipro Q2 Results. You are on the right page for more information about the news, so please read the complete article.

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Wipro Q2 Results

Wipro’s earnings in the fiscal second quarter summed $2.71 billion, a 2.3% sequential drop and a 3.7% decline from the year-ago period. In regular times, sequential development fell by 2%. Net earnings decreased by 9% sequentially to $318.5 million amid a 13% jump in costs. Wipro company performance in the first six months of the current financial year has lagged behind its larger reveals with the company’s revenue from April to September time reducing 1.5% from the year earlier. Infosys Ltd and HCL Technologies Ltd reported 5.7%, 3.7% and 5.2% growth in dollar revenue, respectively. Meantime, the Azim Premji-backed firm declared that its board had authorised the union of five of its wholly-owned subsidiaries with itself into ‘Wipro Ltd’.Here we have shared all the information which we had if we get any information then we will update you soon. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.