In the morning trades on Tuesday, shares of Wipro dropped as much as 2.56% to a days low of Rs 277.75 on NSE. (Image: Reuters)Shares of the Bengaluru-headquartered IT giant Wipro tanked over 2.5% to the lowest level since 28 March 2018 after the company said that clients insolvency weighs on the profitability and revenue of Indias third-largest IT company Wipro. The stock of Wipro marked the lowest level since 28 March 2018 and the biggest intraday drop since 26 March 2018. Earlier yesterday, Wipro said that the revenue and profitability will be impacted due to an insolvency petition filed by an Indian telecom client. In the morning trades on Tuesday, shares of Wipro dropped as much as 2.56% to a days low of Rs 277.75 on N…
Read the full article at: http://www.financialexpress.com/market/wipro-shares-tank-2-5-as-clients-insolvency-weighs-on-profitability-of-indias-3rd-largest-it-company/1127861/
