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Wipro dips over 8% on profit booking post Q2

By Religare
Wipro dips over 8% on profit booking post Q2
Shares of Country's leading software exporting and outsourcing service company Wipro tumbled over 8 per cent in early trade on Bombay Stock Exchange (BSE) amid profit booking after posting better-than-expected second quarter numbers.

The IT major beat analysts' expectations by reporting 19.96 per cent growth in its consolidated net profit after taxes, minority interest and share of profit of associates for the second quarter ended September 2013 at Rs 1,932.10 crore, demonstrating an all-round growth across markets..

Following second quarter numbers, shares of the company declined as much as 8.41 per cent to trade at Rs 471.55 a piece on the BSE. In a similar fashion, shares of the company slipped 4.30 per cent to Rs 492.65 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,789.59, down 75.38 points or 0.36 per cent at 9:45 hours.

Dion Global Solutions Ltd.

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