Wipro falls 6% in early trade after Q2 results, touches low of Rs 350

IT company Wipro fell more than 6% today in early trade to touch Rs 350. On Tuesday, the company had released it Q2 FY2021 results, showing a 3% sequential growth QoQ.

IT company Wipro fell more than 6% today in early trade to touch Rs 350. On Tuesday, the company had released it Q2 FY2021 results, showing a 3% sequential growth QoQ.

The stock opened at Rs 365 on the NSE and was trading at Rs 353.15 by mid-trade. The script previously closed at Rs 375.95.

The Bengaluru based company has also announced a share buyback worth Rs 9,500 crore. The stock has given a 95% return in last 6 months.

Brokerage houses like ICICIdirect, Sharekhan and Prabhudas Lilladher have a positive outlook for the Azim Premji led company.