At 9:42AM, Wipro Limited (NSE: WIPRO) saw a significant boost in its market capitalization today, adding approximately ₹12,696 crore after its stock surged 4.59% to ₹553.00, as of the latest trading session. The stock opened at ₹532.00, reached a high of ₹557.05, and a low of ₹524.80, with a previous close of ₹528.75. The sharp upward movement comes on the back of strong demand, with over 106.84 lakh shares traded, translating to a traded value of ₹584.38 crore.
With this surge, Wipro’s total market capitalization now stands at ₹2,89,587.16 crore, compared to ₹2,76,891 crore at the previous close, marking a substantial increase in the company’s valuation for the day.
The rally follows a series of positive developments for Wipro, including strong Q2 results, which reported a 21% increase in net profit to ₹3,209 crore, alongside the announcement of a 1:1 bonus share issue, boosting investor confidence.
Despite mixed brokerage sentiments over future growth potential, today’s trading activity suggests robust market confidence in Wipro’s long-term performance.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please seek independent financial advice before making any investment decisions.
