Wipro hits 14-year high as government clears SEZ in Andhra Pradesh

The stock hit high of Rs 616, its highest level since March 2000 on National Stock Exchange.

Shares of Wipro were trading higher by 3% to Rs 614 on National Stock Exchange (NSE) in otherwise subdued market  on reports that the government has approved the proposal of Wipro to set up SEZs in Andhra Pradesh. The benchmark CNX Nifty was down 0.06% at 7,960 points at 1025 hours.

Wipro Ltd has proposed to set up IT/ITES zone in Andhra Pradesh on an area of 1.22 hectares, the PTI report suggests.

The stock opened at Rs 598 and touched high of Rs 616, its highest level since March 2000 on NSE. A combined around 1.08 million shares changed hands on the counter so far on NSE and BSE.