Wipro’s share price edges up on Thursday, but lags behind market benchmarks.

Wipro, a leading Indian IT services company, rose 1.1% on Thursday, but still underperformed the broader market. The company’s stock price was influenced by a range of factors, including its second-quarter earnings report and investor concerns about its ability to grow profits going forward. On a positive note, Wipro’s revenue grew 1.8% year-over-year, driven by a strong performance from its IT services segment. However, the company’s net profit declined 11.4% from the same period a year ago, due to higher expenses and a weaker than expected profit margin. Despite this, Wipro’s CEO, Thierry Delataille, expressed optimism about the company’s prospects, highlighting its growth in debt-free money, a metric that measures a company’s ability to generate cash from its operations. Despite Wipro’s mixed report, the company still underperformed the broader Indian market, as the S&P BSE Sensex rose 1.4% to a record high on Thursday.