Wipro shares dip nearly 2%

Wipro shares dip nearly 2%

Shares of Wipro, the third largest IT services company, ended with nearly 2% decline on Friday, wiping-out Rs 1,785 crore from its market valuation.

The slide comes after a day when the company posted a 5.8% drop in consolidated net profit for the quarter ended December. The stock settled at Rs 466.10, down 1.55% on the BSE. During the day, it lost 1.92% to Rs 464.35. On the NSE, it dipped 1.72% 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.

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