Shares of Wipro Ltd rose more than 1 percent on June 9 after a large block deal took place during the second block deal window of the trading session. This deal involved nearly 2 percent of the company’s total equity and was valued at over \u20b95,000 crore.<\/p>\n\n\n\n
As per reports, around 20.23 crore shares, which is about 2 percent of Wipro\u2019s total equity, were traded for \u20b95,057.5 crore on the stock exchanges. The deal was executed at a price of \u20b9250 per share, slightly higher than the previous day\u2019s closing price of \u20b9248.59 apiece \u2014 offering a small premium of 0.05 percent.<\/p>\n\n\n\n
The trade happened between 2:05 pm and 2:20 pm, during the second block deal window. As of now, the names of the buyers and sellers involved in the transaction have not been made public.<\/p>\n\n\n\n
At 2:50 pm, shares of Wipro were trading at \u20b9251.38 on the NSE, showing a 1.1 percent increase in the stock price after the deal.<\/p>\n\n\n\n
Wipro, which is one of India\u2019s top IT companies, recently won a multi-year deal with Entrust, a global leader in digital identity and data security solutions. Wipro will help Entrust scale up operations and support its growth using advanced technology and strategic services.<\/p>\n\n\n\n
In its Q1FY25 results, Wipro reported a 6.4% net profit growth to \u20b93,569.6 crore and 1% growth in gross revenue to \u20b922,504.2 crore.<\/p>\n\n\n\n
The Bengaluru-based IT company also announced that the \u20b96 per share interim dividend will be treated as final dividend for FY25.<\/p>\n\n\n\n
For Q1FY26, Wipro guided that its IT services revenue will be in the range of $2,505 million to $2,557 million. This is a 1.5% to 3.5% decline on a quarter-on-quarter basis in constant currency terms.<\/p>\n\n\n\n
Wipro\u2019s total revenue was $2.60 billion, a 1.2% decline from previous quarter and 2.3% from last year. In constant currency terms, IT services revenue was 0.8% down sequentially. The Q1FY26 revenue miss was also below street estimates.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Shares of Wipro Ltd rose more than 1 percent on June 9 after a large block deal took place during the second block deal window of the trading session. This deal involved nearly 2 percent of the company’s total equity and was valued at over \u20b95,000 crore. As per reports, around 20.23 crore shares, which […]<\/p>\n","protected":false},"author":1,"featured_media":7048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1217],"class_list":["post-7047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-wipro-block-deal"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7047"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7047\/revisions"}],"predecessor-version":[{"id":7049,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7047\/revisions\/7049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7048"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"