Mon Jan 20 03:40:00 UTC 2025: **Wipro Stock Soars 7%, Boosting BSE IT Index**

**Mumbai, India –** Wipro Ltd.’s share price surged 7% today, reaching ₹300.0, fueling a 0.5% increase in the BSE IT index to 41,958.8. This strong performance comes on the heels of Wipro reporting a 24.6% year-over-year (YoY) growth in net profit for the quarter ending December 2024, reaching ₹33,662 million. While net sales saw a slight increase of 0.5% to ₹223,188 million, the company reported a 2.2% decrease in net profit for the fiscal year ending March 2024.

Other top gainers in the BSE IT index included Firstsource Solutions (up 1.1%) and KPIT Technologies (up 1.1%), while Mastek and CYIENT experienced declines of 1.8% and 1.2% respectively. Over the past year, Wipro’s share price has risen 23.7%, while the BSE IT index has shown a 12.4% increase. Oracle Financial Services led the pack of top IT index gainers over the past 12 months, with a remarkable 104.1% increase.

The broader market also saw positive movement, with the BSE Sensex climbing 0.4% to 76,909.2 and the NSE Nifty up 0.1% at 23,227.6. Kotak Bank was a standout performer, rising 7% in both indices. Zomato and Tata Steel were the most actively traded stocks on the BSE Sensex. The BSE Sensex has seen a 5.2% increase over the past year.

This news is provided by Equitymaster, an independent equity research company operating in India since 1996. Equitymaster is not an investment advisor and readers are urged to conduct their own research before making any investment decisions. Investment in securities market is subject to market risks.

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