Wipro, one of the leading software exporters, witnessed a fall in share price on Thursday after the company disclosed a marginal fall in consolidated net profit for the quarter ended March 2018.
During the quarter, the profit of the company down 20.56% to Rs 18 billion from Rs 22.67 billion in the same quarter last year. On sequential basis, the company registered down 6.70% in the net profit.
Revenues for the quarter fall marginally 4.92% to Rs 143.04 billion, compared with Rs 150.45 billion for the prior year period.
Shares of the company are trading at Rs 276.50, down Rs 10.7, or 3.73% at the Bombay Stock Exchange (BSE) on Thursday at 9:40 a.m.
The scrip has touched an intra-day high of Rs 279.80 and low of Rs 274.10. The total volume of shares traded at the BSE is 188,427.