Shares of Wipro on Friday ended with 6.5 per cent gains after the company announced a mega buyback offer of Rs 11,000 crore and posted a 1.2 per cent rise in consolidated net profit for the April-June quarter. The stock jumped 6.47 per cent to settle at Rs 286.40 on BSE. During the day, it soared 8.17 per cent to Rs 291 -- its 52-week high.
On NSE, it surged 6.27 per cent to close at Rs 286.05.The company's market valuation also rose sharply by Rs 8,474.83 crore to Rs 1,39,373.83 crore. On the volume front, 21.03 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day. The stock was the biggest gainer on both the key benchmark indices during the day. “Wipro announced a good set of numbers. On the positive side, the board of directors approved a buyback proposal,” said Sarabjit Kour Nangra, VP Research - IT, Angel Broking.