Around 18.05 crore Wipro shares, representing a 1.72 per cent stake, were transacted among promoter group entities via open market deals. Azim Premji Trust sold shares to Prazim Traders and Zash Trader at an average price of Rs 258.99 per share, amounting to Rs 4,674.77 crore. Following the transaction, Wipro’s shares experienced an increase, closing at Rs 258.
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in