Wipro gains ahead of its inclusion in Nifty

Wipro rose 2.51% to Rs 487.60 at 11:46 IST on BSE ahead of the stock's inclusion in the 50-unit CNX Nifty with effect from tomorrow, 27 September 2013.

Meanwhile, the S&P BSE Sensex was up 63.86 points or 0.32% at 19,920.10.

On BSE, 1.54 lakh shares were traded in the counter as against average daily volume of 2.10 lakh shares in the past one quarter.

The stock hit a high of Rs 489.30 and a low of Rs 473 so far during the day. The stock had hit a 52-week high of Rs 501 on 3 September 2013. The stock had hit a 52-week low of Rs 315.30 on 31 May 2013.

The stock had underperformed the market over the past one month till 25 September 2013, jumping 6.08% compared with the Sensex's 7.22% rise. The scrip had, however, outperformed the market in past one quarter, surging 38.19% as against Sensex's 6.59% rise.

The large-cap company has equity capital of Rs 492.98 crore. Face value per share is Rs 2.

Wipro replaces Reliance Infrastructure in Nifty.

Wipro's consolidated net profit declined 6% to Rs 1623.30 crore on 1% growth in income from operations to Rs 9733.20 crore in Q1 June 2013 over Q4 March 2013.

Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally.

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