Trending stocks: Wipro shares up 1% as Nifty surges

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Wipro traded 0.79 per cent up in Wednesday 's trade at 09:32AM (IST)
Around 1472281 shares changed hands on the counter
The stock opened at Rs 190.05 and touched an intraday high and low of Rs 193.6 and Rs 188.0 , respectively, in the session so far
The stock quoted a 52-week high of Rs 301.6 and a 52-week low of Rs 161.8
The IT major will announce its fourth-quarter and FY20 results today. Financials Wipro Ltd., incorporated in the year 1945, is a Large Cap
company (having a market cap of Rs 108240.15 Crore) operating in IT Software sector
For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 15470.50 Crore, up 2.28 % from last quarter Sales of Rs
15125.60 Crore and up 2.73 % from last year same quarter Sales of Rs 15059.50 Crore
The Company reported net profit after tax of Rs 2459.60 Crore in latest quarter
Wipro Ltd
key Products/Revenue Segments include Software Services which contributed Rs 46852.90 Crore to Sales Value (97.35 % of Total Sales),
Networking, Storage equipment, Servers, Software Licenses which contributed Rs 1176.90 Crore to Sales Value (2.44 % of Total Sales) and
Other Operating Revenue which contributed Rs 94.00 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2019
Promoter holding Promoters held 74.036064 per cent stake in the company as of quarter ended 31st Dec 2019
Valuation ratio It quoted a price-to-earnings ratio of 10.94 and price to book value of 2.01