Wipro 3rd IT company to hit Rs 3 lakh crore market cap
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Wipro 3rd IT company to hit Rs 3 lakh crore market cap
Avik Das & Partha Sinha / TNN / Updated: Jun 4, 2021, 08:42 IST
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BENGALURU/MUMBAI: Wipro touched a record Rs 3 lakh crore (or Rs 3 trillion) in market capitalisation, becoming only the third Indian IT company to do so after TCS and Infosys. The company’s shares have seen a strong rally over the past one year, suggesting investor confidence in its strategies under new CEO Thierry Delaporte.
Shares of the Azim Premji-owned company opened at Rs 546 on the BSE on Thursday, before touching an intra-day high of Rs 550, which took its market cap to a shade over Rs 3 lakh crore. The stock, however, pared the gains to close at Rs 539, down less than 1% from Wednesday’s close.