IT major Wipro today surged over 4 per cent on BSE in the early trade as it reported better-than-expected numbers for the first quarter ended June 30.
Company shares rose by 4.18 per cent to touch a high of Rs 433 on Bombay Stock Exchange after it posted a 30.5 per cent jump in its net profit for the April-June quarter.
The net profit rose to Rs 1,318.6 crore from 1,010.4 crore in the corresponding quarter last year.
On National Stock Exchange, too, Wipro climbed 3.62 per cent to Rs 430.45 in the morning trade.
“The results have beaten the street expectations. The company has posted very good numbers, which is a great sign for the entire IT pack,” Geojit BNP Paribas Financial Services Assistant Vice-President Gaurang Shah said.
Meanwhile BSE-IT index was trading at 5,485.41, up 0.52 per cent from previous close.
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