{"id":75639,"date":"2022-11-30T15:56:00","date_gmt":"2022-11-30T10:26:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75639"},"modified":"2022-11-30T15:54:52","modified_gmt":"2022-11-30T10:24:52","slug":"societe-generale-buys-66-lakh-shares-of-this-large-cap-it-company-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/societe-generale-buys-66-lakh-shares-of-this-large-cap-it-company-do-you-own-it\/","title":{"rendered":"Societe Generale buys 66 lakh shares of this large-cap IT company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2091897253\"><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 more than 18 lakh equity shares of IT giant Wipro in a block deal on Tuesday. It bought another 48 lakh shares almost a week ago, on November 22, 2022. This takes the count to more than 66 lakh shares.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-455942016\"><!-- 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>According to block deals data available on the Bombay Stock Exchange (BSE), Societe Generale bought 18,00,164 shares of Wipro at an average price of \u20b9 405 apiece, while BNP Paribas Arbitrage sold the same number of shares at an average price of \u20b9 405. This takes the value of the shares exchanged to \u20b9 72.91 crores.\u00a0<\/p><p>48 lakh shares were bought earlier, at an average price of \u20b9 387 per share, aggregating to \u20b9185.76 crores. At the same time, BNP Paribas sold a similar 48 lakh equity shares in the company at \u20b9387 per share.&nbsp;<\/p><p>Wipro\u2019s shares were trading at \u20b9 405.70 apiece at 02:39 PM on Wednesday. They touched an intraday high of \u20b9 407.00 apiece and an intraday low of \u20b9 402.60 on the BSE. 4,98,360 shares changed hands by 02:42 PM.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1498362036\"><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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/WIPRO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Wipro<\/a><\/strong> is a leading IT company that provides consulting and business process services. It is the fourth largest player in the Indian IT industry, following TCS, Infosys and HCL Technologies. The company is listed on the Indian stock exchanges as well as on the New York Stock Exchange.\u00a0<\/p><p>The company has a market capitalization of \u20b9 2,21,806 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 19.71, which is much lower than the industry P\/E of 28.65, indicating that the stock might be undervalued. It has a dividend yield of 1.48.&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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-200954421\"><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 more than 18 lakh equity shares of IT giant Wipro in a block deal on Tuesday. It bought another 48 lakh shares almost a week ago, on November 22, 2022. This takes the count to more than 66 lakh shares.\u00a0 According to block deals data available on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25033,"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":[5239,5238,4437,602,948,936,4435,4434,4381,4201,4436,4200],"class_list":["post-75639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-block-deal","tag-bluk-deal","tag-future-of-wipro","tag-market-cap-of-wipro","tag-stock-market","tag-stock-market-news","tag-why-is-wipro-falling","tag-wipro","tag-wipro-results","tag-wipro-share-price","tag-wipro-share-price-target","tag-wipro-targets"],"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>Societe Generale buys 66 lakh shares of this large-cap IT company - 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\/societe-generale-buys-66-lakh-shares-of-this-large-cap-it-company-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Societe Generale buys 66 lakh shares of this large-cap IT company\" \/>\n<meta property=\"og:description\" content=\"Societe Generale, a France-based financial services company bought more than 18 lakh equity shares of IT giant Wipro in a block deal on Tuesday. 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