Wipro rallied over 7% to Rs 375. The stock zoomed to a high of Rs 379, and witnessed trades of 433,343 shares on the counter.
______________________________________________________
Updated at 1055 Hrs
Wipro has moved up on the back of its plans to ramp up its China operations
Wipro opened flat today at Rs 349. It slipped to a low of Rs 345, and then however rebounded to a high Rs 358, up 4% from the day's low. The counter has clocked a volume of 77,659 shares on the BSE. The stock is currently trading at Rs 357 - up 2%.
The company is planning to increase its China operations 10-fold by 2010, according to a top industry official. Wipro currently has operations in Chengdu and Shanghai, where it employs 305 people.
