Wipro shares rally over 19 pc after Q1 earnings

Shares of Wipro on Wednesday jumped over 19 per cent after the company posted an increase in consolidated profit to Rs 2,390.4 crore for the quarter ended on June 30, 2020.

The stock zoomed 17.70 per cent to Rs 264.90 on the BSE.

On the NSE, it jumped 19.42 per cent to Rs 268.70.

The company had posted a consolidated profit, attributable to equity holders, of Rs 2,387.6 crore in the same period a year ago.

Total income of Wipro was almost flat at Rs 15,571.4 crore at the end of the first quarter of 2020-21 compared to Rs 15,566.6 crore in the corresponding quarter of the fiscal year 2019-20.