Wed Apr 09 04:20:00 UTC 2025: **Wipro Share Price Plunges Amidst Broader IT Sector Downturn**

**Mumbai, India** – Wipro’s share price experienced a significant drop of 4% today, closing at Rs 236.3, mirroring a broader downturn in the Indian IT sector. The BSE IT index also fell, declining 2.3% to 31,938.5. Other notable losers in the IT index included Mphasis (down 3.8%) and Eclerx Services (down 3.5%).

Over the past year, Wipro’s share price has decreased by 1.5%, while the BSE IT index has suffered a more substantial 11% decline. Sonata Software, Birlasoft, and TANLA SOLUTIONS were among the worst performers in the BSE IT index over the past 12 months, experiencing drops of 60.5%, 52.3%, and 51.7% respectively.

Despite the recent share price dip, Wipro reported a 24.6% year-on-year increase in net profit for the quarter ending December 2024, reaching Rs 33,662 million. However, its net profit for the fiscal year ending March 2024 decreased by 2.2% compared to the previous year.

The broader market also saw declines, with the BSE Sensex down 0.3% and the NSE Nifty down 0.6%. Tech Mahindra and Tata Steel were among the top losers in the Sensex, while Tech Mahindra and ONGC experienced similar drops in the Nifty.

Equitymaster, a financial research firm, highlighted these market movements and invited readers to share their opinions on the situation. The firm, which has been operating since 1996, emphasizes its commitment to providing honest and credible investment research.

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