Wipro shares jump nearly 14% post-Q3 earnings; mcap climbs ₹18,168 crore
The Hindu
Benchmark equity indices hit record peaks in early trade on Monday, with the Sensex breaching the 73,000 milestone for the first time and the Nifty surging past the 22,000-mark, driven by a sharp rally in IT stocks.
Shares of Wipro on January 15 jumped nearly 14%, adding ₹8,168.68 crore to its market valuation, after the IT company's December quarter earnings beat estimates.
The stock zoomed 13.10% to reach its 52-week high of ₹526.45 on the BSE.
At the NSE, it rallied 13.65% to ₹529 -- its 52-week peak.
It was the biggest gainer among the Sensex and Nifty firms.
The company's market capitalisation (mcap) jumped ₹18,168.68 crore to ₹2,61,217.37 crore in early deals.
Other IT stocks - Tech Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services - also saw frenzied buying.
The BSE Information Technology index traded nearly 2% higher.
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