Shares of Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company s December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24).
Shares of Wipro slipped more than 6 per cent on Thursday, a day after the Indian IT services provider reported a subdued profit in the third quarter (Q3) of the financial year 2021-22 (FY22).
India's top IT service companies Tata Consultancy Services (TCS), Infosys and Wipro will declare their respective third-quarter numbers for the financial year 2021-22 (FY22) on Wednesday. This is apparently the first time that the three firms will announce quarterly figures on the same day. It is widely expected that IT companies could post decent numbers following a year of acquisitions, deal wins and high digital transformation.