Wipro Share Price Today, this giant IT company going to buyback shares, getting stock up to 28 percent cheaper, investors broke down to buy – wipro share price today bumper jump in wipro’s stock reached top trending
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Investors are competing to buy shares of Wipro Ltd. Investors expect that there is a bumper bounce in the shares in the coming times. Right now this stock is trading about 28 per cent below its high level of last one year. The shares have gained more than 2 per cent since this morning.
stock reached top trending
Wipro shares remain in top trending. Wipro’s shares were trading at around 377 around one o’clock in the afternoon. The shares have also touched its high level of Rs.378 today. The shares opened at Rs 375 in the morning. Here the company can also release the results of the March quarter on 27 April. On Friday, Wipro shares closed at Rs 368, up more than one per cent. Let us tell you that in the third quarter of the last financial year, there was an increase of 2.8 percent in the net profit of the company. The total net profit of the company was Rs 3053 crore.
Multibagger Stock: ₹ 118 stock broke down to ₹ 6, investors broke down to buy the stock, a bumper jump of 7%
Did buyback in the year 2021 as well
Wipro had bought back shares in the month of January 2021 as well. Then the size of the buyback was Rs 9500 crore. In the buyback, the price of one share was fixed at Rs 400 per share. Apart from Wipro, many other companies have also bought back their shares. The country’s leading IT company Tata Consultancy Services also did buyback. The size of this buyback in March 2022 was Rs 18,000 crore. Apart from this, Infosys had bought back shares worth Rs 9300 crore in February this year.
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