Wipro reached near two decade high of Rs 353, gaining 2% on the BSE, as analyst expects to grow more in FY20 because of continued large big deals, robust digital growth and continued growth in BFSI and other verticals.

In the past seven Days Wipro outperformed the market by 12% after on Jan 14’ 19 company announced that they will issue bonus shares. The issue of bonus shares will be issued in the ratio of 1:3; it was decide in the meeting of boards of wipro. The board also recommended an interim dividend of Rs 1 per equity share of par value Rs 2 each to the members of the Company as on Wednesday, January 30, 2019, being the record date. Wipro registered 2.4% quarter on quarter rise in revenue in constant currency. In rupee terms revenue was up at 3.5% at Rs 14,666 crore. Net profit grew at 35% to Rs 2,544 crore on QoQ basis.

Current market standing of Wipro is Rs 354.70 in NSE. Intraday tips today