Wipro hits 52-week high as board considers buyback plan
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Mumbai, Oct. 8 -- Shares of Wipro jumped as much as 9.69% to hit a 52-week high of Rs.367.75 apiece on Thursday after the IT major said its board will consider a buyback on 13 October 2020.
At 1:04 pm, Wipro was trading at Rs.364.70 apiece, up 8.78% from its previous close, while the benchmark Sensex advanced 1.31% to 40,403.08.
"The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on October 13, 2020," Wipro said in a statement after market hours.
The firm will announce its Q2 results on 13 October.
Wipro reported a 2.82% rise in consolidated net profit to Rs.2,411.50 crore for the quarter ended 30 June against Rs.2345.2 crore in Q4FY20. Net sales decreased 5.07% to R...
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