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Wednesday, Apr 19, 2006

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Wipro gains on result hopes

Wipro Ltd's shares attracted buying interest on Tuesday, a day ahead of its results. Dealers said after the better-than-expected results from TCS and Infosys, the indications are that Wipro would also come up with a positive set of numbers.

Bonus announcements by Infosys, TCS and a similar proposal under consideration by Satyam have buoyed expectations that Wipro may also come up with some "positive surprises", they said.

On the BSE, Wipro rose 5.49 per cent or Rs 29.65 to Rs 570.15 from the previous day's close of Rs 540.50. Over 5.02 lakh shares were traded, as compared to the two-week average of 3.25 lakh shares. On the NSE, it went up 5.52 per cent to Rs 570.90. About 23.76 lakh shares were traded.

Rajesh Abraham

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