Wipro’s ADR slips 8% after Q3 results

American depository receipts of Wipro fell over 8% to close at $5.76 on the New York Stock Exchange.

On Tuesday, the company’s shares fell nearly 3% to Rs 494.60 after the investors started booking profit as the market reached a record high and settled at Rs 485.75.

The company reported a consolidated net profit of Rs 2,694 crore, up 1% quarter on quarter.

Wipro’s revenue from operations stands at Rs 22,205.10 crore, down 4.4% against Rs 23,229.00 crore during the third quarter of FY23.