Wipro shares rise 3% amid 8.5 crore shares change hands in two block deal
Wipro shares climbed nearly 3% to Rs 578.8 in Friday's trading session on the BSE following reports of two block deals executed on the counter.
Media reports indicate that 8.5 crore equity shares of Wipro were exchanged in a pre-market block deal, with the promoter likely being the seller.
As per the shareholding pattern available on Trendlyne, foreign institutional investors held a 7.27% stake in the company as of the September quarter of FY25, while the promoters hold 72.8%, and mutual funds have about a 4.15% stake.
In Q2 FY25, Wipro reported a 21% jump in net profit to Rs 3,209 crore versus Rs 2,646 crore logged in the year-ago period. The IT major also announced a bonus share issue in proportion to 1:1.
Revenue from operations in the reported quarter stood at Rs 22,302 crore, marginally lower than Rs 22,516 crore posted in the corresponding quarter of the previous financial year.
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
Advanced Strategies in Stock Market Mastery
By — CA Raj K Agrawal, Chartered Accountant
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Options Trading Course For Beginners
By — Chetan Panchamia, Options Trader
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Stock
