Wipro raises forecast after completing Capco acquisition, to grow 8-10% in Q1

Wipro NSE 0.59 % on Friday raised its revenue growth forecast for the ongoing quarter to 8-10% from the previously projected 2-4%, after the information technology firm completed the acquisition of British IT consulting firm Capco.

The announcement drove Wipro’s shares 4.5% higher intraday Friday to hit a 52-week high on the BSE at ₹511.95, before they gave up most of the gains to end 0.51% higher at ₹492.40.