Wipro softens as ADR drops

Meanwhile, the BSE Sensex was up 37.64 points, or 0.24% to 15,416.98.

On BSE, 1,312 shares were traded in the counter as against average daily volume of 1.92 lakh shares in the past one quarter.

The stock hit a high of Rs 403.50 and a low of Rs 401.25 so far during the day. The stock had hit a 52-week low of Rs 310.20 on 19 August 2011. The stock had hit a 52-week high of Rs 496.30 on 28 December 2010.

The stock had outperformed the market over the past one month till 19 December 2011, rising 7.56% compared with Sensex's 6.06% decline. The scrip had also outperformed the market over the past one quarter, surging 17.95% as against Sensex's 8.16% fall.

India's third largest IT company by sales has an equity capital of Rs 491.62 crore. Face value per share is Rs 2.

On a consolidated basis, Wipro's net profit fell 2.55% to Rs 1300.90 crore on 6.2% growth in net sales to Rs 9094.50 crore in Q2 September 2011 over Q1 June 2011.

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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