Wipro Share: Last Friday, the stock market saw something unusual: Wipro, a company known for its slow and steady stock growth, experienced an unexpected surge in its shares. Usually, Wipro’s stock inches up by about 15% in a month and 20% in a year. Over the last three years, it’s seen a rise of 30%. But on that Friday, things took an exciting turn: Wipro shares suddenly soared. In just the last hour of trading, the Wipro Share price jumped by 6% and closed above 460 rupees.
Rumours vs. Reality: Unravelling the Wipro Share Price
What caused this surprising up tick? Well, there was a buzz in the market. People were talking about Sanjay Jalona, the former MD and CEO of LTI Mindtree, possibly joining Wipro. This rumour ignited a wave of excitement among investors and sent the stock on an upward trajectory. However, Wipro swiftly debunked this rumour, leaving many curious about what’s really brewing behind the scenes.
But that’s not the only story floating around. Wipro filed a legal complaint in a US court alleging some intriguing events. It’s about an ex-employee who, before leaving the company, took a secretive route. They copied several important Wipro files and sent them to their personal email. What’s even more surprising is that this former employee, despite leaving Wipro, hasn’t updated their LinkedIn profile to reflect their new job.
Wipro’s complaint revealed more: this ex-employee had agreed to certain limitations on their activities after leaving the company. These limitations included a promise not to work for rival companies for a whole year after their departure from WIPRO.
This tale from the business world reminds us that behind every stock movement or legal action, there’s a human side—stories of decisions, relationships, and promises that shape the corporate landscape.
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