Wipro rose 0.52% to Rs. 407.40 at 9:20 IST on BSE after the company’s American depository receipt, or ADR gained 1.6% to settle at $10.18 on the New York Stock Exchange on Friday, 23 December 2011.
Meanwhile, the BSE Sensex was up 66.74 points, or 0.42% to 15,805.44.
On BSE, 4,391 shares were traded in the counter as against average daily volume of 1.89 lakh shares in the past one quarter.
The stock hit a high of Rs. 407.50 and a low of Rs. 404.15 so far during the day. The stock had hit a 52-week low of Rs. 310.20 on 19 August 2011. The stock had hit a 52-week high of Rs. 496.30 on 28 December 2010.
The stock had outperformed the market over the past one month till 23 December 2011, gaining 11.03% compared with the Sensex’s 0.25% rise. The scrip had also outperformed the market in past one quarter, surging 19.63% as against 2.62% fall in the Sensex.
India’s third largest IT company by sales has an equity capital of Rs. 491.62 crore. Face value per share is Rs. 2.
On a consolidated basis, Wipro’s net profit fell 2.55% to Rs. 1300.90 crore on 6.2% growth in net sales to Rs. 9094.50 crore in Q2 September 2011 over Q1 June 2011.
Wipro provides comprehensive IT solutions and services including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance and research and development services to corporations globally.
Source:http://www.indiainfoline.com/Markets/News/Wipro-hardens-as-ADR-gains/4086766838
