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.
The chairman of Wipro Limited
Azim Premji and the founder chairman of Narayana Health Dr Devi Prasad Shetty are among those who have been selected for the annual awards given by the Press Club of Bangalore. Premji has been chosen for Press Club Person of the Year , while Dr Shetty and actor-Director Sudeep Sanjeev have been selected for the Press Club Special Award. Besides them 25 senior journalists have been selected for the Press Club Annual Awards , a release said. Chief Minister B S Yediyurappa will facilitate the awardees at a function scheduled for the third week of February, it said.