Wipro Stock Drops Amidst Flat Growth Forecast
Shares of IT giant Wipro fell nearly 9% on Monday after the company projected flat sequential growth. The stock dropped to Rs 508.25 on the BSE and Rs 508.20 on the NSE. Despite a 4.6% year-on-year profit rise, Q1 FY25 revenue fell 3.8%.
- Country:
- India
Shares of IT major Wipro tumbled nearly 9 per cent in morning trade on Monday after the company gave a flat sequential growth guidance.
The stock tanked 8.79 per cent to Rs 508.25 on the BSE. At the NSE, it tumbled 8.79 per cent to Rs 508.20 apiece.
Wipro on Friday posted a 4.6 per cent year-on-year rise in consolidated net profit for the June quarter at Rs 3,003.2 crore, while revenue for the same period fell 3.8 per cent to Rs 21,963.8 crore.
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