Advertisement

HindustanTimes Wed,20 Aug 2014

Wipro settles 8% down

HT Correspondent, Hindustan Times  Mumbai, April 22, 2013
First Published: 09:40 IST(22/4/2013) | Last Updated: 21:11 IST(22/4/2013)

Shares of Wipro, India's third-largest software services provider, fell 8% to Rs. 339 on Monday on the back of lower-than-expected results and weak guidance for the first quarter of 2013-14 .

Advertisement

Wipro had on Friday reported 16.7% increase in net profit to Rs. 1,728.7 crore for the fourth quarter ended March 31, 2013.

After making a weak opening, shares of the company further lost 11% to Rs. 328 intra-day on the Bombay Stock Exchange (BSE) but managed to close the day at Rs. 339.

Wipro joined Infosys in delivering tepid revenue outlook, citing a delay in the closure of deals.


Advertisement
more from Business

Steve Ballmer steps down from Microsoft board

Ballmer made his decision public a month after his successor, Satya Nadella, announced unprecedented job cuts at the US technology firm as it worked to adapt to a 'mobile first, cloud first' world.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved