then and now!

Wipro's m-cap run continues

THE never-ending bull run in the stock price of Wipro has inflated the value of the company to stratospheric levels.

At the end of trading on February 9 (2000) , the market capitalisation of Wipro was around Rs. 1,15,000 crores. Seven trading sessions later, it has now catapulted past the Rs. 2,00,000-crore mark. Since February 9, Wipro has been locked in at the upper end of the circuit filter on all trading days. At the closing price of Rs. 8,928.65 on the National Stock Exchange on Friday, Wipro's market capitalisation stood at Rs. 2,04,953 crores. It crossed Rs. 1,00,000 crores only on February 2.

The stock now trades at 755 times the annualised per share earnings of the nine months ended December 1999. Significantly, the Wipro stock is also trading at close to 100 times its annualised revenues per share for the nine months ended December 1999.

the full news story here

Wipro has grown many times over in the last seven and a half years... its market cap is now rs 80000 crore, not even half its peak in feb 2000.