Wipro shares crash despite Q4 PAT rising 26 per cent: Here's why

Wipro Share Price: Shares of IT services company Wipro crashed over six per cent in the morning trade despite the company reporting a 25.9 per cent year-on-year rise in consolidated net profit for the March quarter to Rs 3,569.6 crore. The counter opened in the red at Rs 235.80 on the BSE against the previous close of Rs 247.50. However, the stock dipped further amid selling pressure to touch the intraday low of Rs 232.20 - a fall of 6.18 per cent. Last seen the counter was trading at Rs 234.15.

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