{"id":74680,"date":"2022-11-23T18:45:00","date_gmt":"2022-11-23T13:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=74680"},"modified":"2022-11-23T18:42:44","modified_gmt":"2022-11-23T13:12:44","slug":"block-deal-societe-generale-bought-48-lakh-shares-of-wipro-while-bnp-paribas-offloads-a-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/block-deal-societe-generale-bought-48-lakh-shares-of-wipro-while-bnp-paribas-offloads-a-stake\/","title":{"rendered":"Block Deal: Societe Generale bought 48 lakh shares of Wipro, while BNP Paribas offloads a stake\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-713774238\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Societe Generale, a France-based financial services company bought 48 lakh equity shares of IT giant Wipro for \u20b9 185.76 crores in a block deal on Tuesday. The average price for the deal was \u20b9 387 apiece according to data available on the Bombay Stock Exchange (BSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3563235046\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On the other hand, Paribas Arbitrage pared a stake. According to the block deals data available on the BSE, it sold a similar 48 lakh shares at an average price of \u20b9 387 per share.&nbsp;<\/p><p>Wipro\u2019s shares saw a marginal impact. Its shares closed at \u20b9 388.85 apiece on Tuesday and reached a high of \u20b9 392.85 apiece on Wednesday, which is a 1.03% change.&nbsp;<\/p><p>In another development, Wipro has launched a strategic cybersecurity consulting offering in Europe. This announcement is a part of the firm\u2019s vision to build a global cybersecurity consulting offering to help clients stay ahead of a dynamic threat and regulatory environment. In fact, the company had a series of acquisitions in the consulting space \u2014Edgile, Capco, and Ampion.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3994957599\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Wipro is a leading IT company that is listed on the Indian stock exchanges as well as on the New York Stock Exchange. It provides consulting and business process services as well and is the fourth largest player in the Indian IT industry, following TCS, Infosys and HCL Technologies.&nbsp;<\/p><p>The company has a market capitalization of \u20b9 2,12,849 crores and is a large-cap company. It has a good return on equity of 20.18%. Wipro\u2019s shares are trading at a price-to-equity ratio (P\/E) of 18.91, which is much lower than the industry P\/E of 28.44, indicating that the stock might be undervalued. It has a dividend yield of 20.56.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-3565447276\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Societe Generale, a France-based financial services company bought 48 lakh equity shares of IT giant Wipro for \u20b9 185.76 crores in a block deal on Tuesday. The average price for the deal was \u20b9 387 apiece according to data available on the Bombay Stock Exchange (BSE).&nbsp; On the other hand, Paribas Arbitrage pared a stake. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-74680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Block Deal: Societe Generale bought 48 lakh shares of Wipro, while BNP Paribas offloads a stake\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=74680\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Block Deal: Societe Generale bought 48 lakh shares of Wipro, while BNP Paribas offloads a stake\u00a0\" \/>\n<meta property=\"og:description\" content=\"Societe Generale, a France-based financial services company bought 48 lakh equity shares of IT giant Wipro for \u20b9 185.76 crores in a block deal on Tuesday. 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