Wipro among 2 IT stocks at 52-week lows; here’s why

Leading Indian information technology firms’ shares hit 52-week lows in Monday’s trade on BSE amid concern over banking sector turmoil in the US and Europe. Shares of Wipro fell 2.8% to hit a 52-week low of Rs 366, while shares of Mphasis declined 3.9% to hit a 52-week low of 1,814.4.