Trending stocks: Wipro shares up 1% as Nifty surges

NEW DELHI: Shares of Wipro traded 0.79 per cent up in Wednesday 's trade at 09:32AM (IST).

Around 1472281 shares changed hands on the counter. The stock opened at Rs 190.05 and touched an intraday high and low of Rs 193.6 and Rs 188.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 301.6 and a 52-week low of Rs 161.8 . The IT major will announce its fourth-quarter and FY20 results today.


Financials
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 108240.15 Crore) operating in IT Software sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 15470.50 Crore, up 2.28 % from last quarter Sales of Rs 15125.60 Crore and up 2.73 % from last year same quarter Sales of Rs 15059.50 Crore. The Company reported net profit after tax of Rs 2459.60 Crore in latest quarter.

Wipro Ltd. key Products/Revenue Segments include Software Services which contributed Rs 46852.90 Crore to Sales Value (97.35 % of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 1176.90 Crore to Sales Value (2.44 % of Total Sales) and Other Operating Revenue which contributed Rs 94.00 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 74.036064 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 10.94 and price to book value of 2.01 .