Wipro declines most in three months; down 4% in morning trade

Wipro declines most in three months; down 4% in morning trade
Bombay Stock Exchange (BSE) headquarters in Mumbai, Maharashtra, India. Image Source: IANS
By ZeeBiz WebTeam
Updated: Mon, Oct 24, 2016
10:04 am
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Wipro posts nearly 8% drop in Q2 net profit; cuts guidance Wipro posts nearly 8% drop in Q2 net profit; cuts guidance
Wipro, Mindtree shares in green ahead of earnings Wipro, Mindtree shares in green ahead of earnings
Wipro acquires US-based Appirio for $500 million Wipro acquires US-based Appirio for $500 million
Wipro partners with IntSight to deliver 'Threat Intelligence' as service Wipro partners with IntSight to deliver 'Threat Intelligence' as service

Wipro Ltd fell nearly 4% in morning trade on Monday as the company cut its revenue guidance last week. 

Market data show that the 4% intraday fall is most since July 20, 2016 and was the worst performer on BSE Sensex and NSE Nifty. 

See LIVE stock updates of Wipro here-

The stock of the company was trading low at 3.83% to Rs 478.10 per share at 09:45 am. 

The company on Friday had announced its second quarter ended on September 30, 2016 results where it said that its third quarter (Q3) revenues may fall to $1.90-$1.96 billion. 

The company's consolidated net profit for the second quarter (Q2) ended on September 30 declined by 7.61% to Rs 2070.4 crore as against Rs 2,241 crore in the corresponding quarter of last year.

Wipro's total income during the quarter rose up 10.6% to Rs 13,896.8 crore as compared to Rs 12,566.8 crore in the same quarter of previous year, it said.