Wipro shares fell on Monday after announcing fourth quarter earnings. It reported a rise of 41.38% on consolidated basis to Rs 22.39 billion for the quarter ended Mar. 31, 2014. On sequential basis, Wipro reported a rise of 10.51% in quarterly profit.

Consolidated revenues for the quarter ended Mar. 31, 2014 went up by 21.75% y-o-y to Rs 117.03 billion. 

IT Services Revenues in Rupee terms was Rs 106.2 billion (USD 1.8 billion1), an increase of 24% YoY.

Shares of the company are trading at Rs 559.50, down Rs 26.05, or 4.45% at the Bombay Stock Exchange (BSE) on Monday at 9:30 a.m.

The scrip has touched an intra-day high of Rs 568.40 and low of Rs 557.55. The total volume of shares traded at the BSE is 145,063.

In the earlier session, the shares gained 2.39%, or Rs 13.65, at Rs 585.55.

Currently, the stock is trading down 8.35% from its 52-week high of Rs 610.50 and above 77.45% over the 52-week low of Rs 315.30.