MUMBAI: Shares in India's third largest IT outsourcer Wipro slumped more than eight percent on Wednesday, a day after it announced modest revenue growth that lagged rivals, analysts said.
Wipro hit a day's low of 471.55 rupees at the Bombay Stock Exchange, down 8.41 per cent before paring their losses to sit at 491.30 rupees in late morning trade.
The firm said Tuesday that net profit rose 29 per cent year-on-year to 19.32 billion rupees ($309 million) in July-September.
But it
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