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Wipro ends lower after results

July 23, 2010

Profit sales saw Wipro shares end 0.8 percent lower on Friday after the firm reported a forecast-beating, 31-percent rise in quarterly profit.

The firm said it was seeing strong business environment, which helped pull up sectoral stocks early in the day. The stock had risen as much as 4.2 percent in trade.

The stock is not far away from its highest level in a decade — 451.80 rupees, according to data from Thomson Reuters.

Wipro’s upbeat results also helped TCS rise to a record high of 850 rupees during trade.

Which is your favourite IT stock at this stage?

Profit sales saw Wipro shares end 0.8 percent lower on Friday after the firm reported a forecast-beating, 31-percent rise in quarterly profit.
The firm said it was seeing strong business environment, which helped pull up sectoral stocks early in the day. The stock had risen as much as 4.2 percent in trade.
The stock is not far away from its highest level in a decade — 451.80 rupees, according to data from Thomson Reuters.
Wipro’s upbeat results also helped TCS rise to a record high of 850 rupees during trade.
Which is your favourite IT stock at this stage?

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