Next Article
Why Wipro's stock tanked 3.53% on Monday
Wipro's stock slipped 3.53% on Monday, closing at ₹250.05 and landing among the Nifty 50's biggest losers—despite reporting a mixed Q1 for FY25.
So, even with some financial news, investors didn't seem too impressed.
Mixed Q1 results for FY25
Wipro's revenue for the June 2025 quarter inched up to ₹22,134 crore (just a 0.78% rise), while net profit jumped nearly 10%.
Still, earnings per share dropped from ₹5.75 to ₹3.18—a bit of a downer for shareholders.
On top of that, Wipro announced a ₹5 per share interim dividend and a 1:1 bonus share issue, but none of this prevented the stock from sliding on Monday.