Wipro lost 4.13% to Rs 275.35 at 09:19 IST on BSE after consolidated net profit fell 6.69% to Rs 1800.80 crore on 0.04% rise in total income to Rs 14304.60 crore in Q4 March 2018 over Q3 December 2017.
The result was announced after market hours yesterday, 25 April 2018.On the BSE, 1.01 lakh shares were traded in the counter so far compared with average daily volumes of 1.43 lakh shares in the past two weeks. The stock had hit a high of Rs 279.80 and a low of Rs 274.40 so far during the day.
Wipro's board of directors considered and approved a scheme of amalgamation (Scheme) providing for the merger of its wholly owned subsidiaries, Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirio India Cloud Solutions (Transferor Companies) with Wipro (Transferee Company).
Wipro is a leading global information technology, consulting and business process services company.
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