New Delhi, Jan 27 (PTI) Shares of Wipro today ended with Also Read - Bengaluru BPO Employee Starts Working As Sex Worker After Job Loss, Wife Seeks Divorce

nearly 2 per cent decline, wiping-out Rs 1,785 crore from its Also Read - Bangalore Under Night Curfew From Today: All You Need to Know About Restrictions Here

market valuation, after the company posted a 5.8 per cent drop Also Read - Bengaluru COVID Cases: City Records 5,576 Fresh Infections in Its Biggest Single-day Spike, 10 PM-5 AM Corona Curfew to Start From Tonight

in consolidated net profit for the quarter ended December.

The stock settled at Rs 466.10, down 1.55 per cent on BSE.

During the day, it lost 1.92 per cent to Rs 464.35.

On NSE, it dipped 1.72 per cent to settle at Rs 465.55.

The company’s market valuation declined by Rs 1,785.58

crore to Rs 1,13,303.42 crore.

On the volume front, 5.58 lakh shares of the company were

traded on BSE and over 19 lakh shares changed hands on NSE

during the day.

“Wipro posted results below expectations”, said Sarabjit

Kour Nangra, VP Research IT, Angel Broking.

Stock markets were closed yesterday being a public holiday

due to Republic Day.

Country’s third largest software services firm Wipro on

Wednesday had posted a 5.8 per cent drop in its consolidated

net profit to Rs 2,114.8 crore for the quarter ended December

31, 2016.

The company’s net profit in the year-ago had stood at Rs

2,246 crore.

The Bengaluru-based firm, however, saw revenues rising 6.2

per cent to Rs 13,764.5 crore in the said quarter from Rs

12,951.6 crore in the same period a year ago, according to a

filing on BSE. The result is as per Indian Accounting

Standards.

For the quarter ending March 2017, Wipro expects revenues

from IT services business to be in the range of USD

1,922-1,941 million.

This is published unedited from the PTI feed.