Wipro shares jump nearly 14 pc post-Q3 earnings; mcap climbs Rs 18,168 cr

Shares of Wipro on Monday jumped nearly 14 per cent, adding Rs 18,168.68 crore to its market valuation, after the IT company’s December quarter earnings beat estimates.

The stock zoomed 13.10 per cent to reach its 52-week high of Rs 526.45 on the BSE.

At the NSE, it rallied 13.65 per cent to Rs 529 — its 52-week peak.

It was the biggest gainer among the Sensex and Nifty firms.

The company’s market capitalisation (mcap) jumped Rs 18,168.68 crore to Rs 2,61,217.37 crore in early deals.

Other IT stocks — Tech Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services — also saw frenzied buying.

The BSE Information Technology index traded nearly 2 per cent higher.

Benchmark equity indices hit record peaks in early trade on Monday, with the Sensex breaching the 73,000 milestone for the first time and the Nifty surging past the 22,000-mark, driven by a sharp rally in IT stocks.

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