Wipro Falls As Company Says Profitability May Get Hit
Shares of the Azim Premji-led company fell as much as 2.6 percent, the most in over two weeks to Rs 277.75 after the company said that its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings, according to a PTI report. Â
The stock was among the worst performers on Nifty 50 index. It has declined 10.9 percent so far this year, compared to 7.5 percent gain in NSE Nifty IT Index.
