Software services firm Wipro announced its Q4 results, showing a small growth in its consolidated profit to Rs. 2,267 crore for the March quarter, up from Rs. 2257.3 crore in the same period last year. Total income grew 5% YoY to Rs. 15,033.8 crore. The company said that it had certain project cancellations in the healthcare business, which will impact Q1 of FY18. 

Wipro also said that it will issue bonus shares within the next 60 days, a move that follows TCS and Infosys, both of whom have announced share buybacks to keep investors enthused during a pessimistic time for Indian IT. 

Wipro says that will offer one bonus share for every one share held - the company hopes to "encourage participation" of small investors through the bonus issue. 

Textiles firm Welspun India reported some disappointing numbers today, logging in a 22.6% fall in its consolidated net profit to Rs. 154.48 crore for the quarter ended March 31. Its net profit had stood at Rs. 199.53 crore in the same quarter the previous year. Total income of the company increased by 8.1% to Rs. 1,772.71 crore YoY. Welspun also announced a dividend of Rs. 0.65 per share. Welspun India's share price had been trending bullish before the announcement, with investors hoping for a better showing. 

Housing finance company LIC Housing Finance declared March quarter results, where its net profit rose 18.1% compared to the same quarter last year. The company's net profit number of Rs. 529.18 crore beat analyst predictions of Rs. 525.9 crore net profits for the quarter. The company has made bad loan provisions of almost double what it was in the December quarter - Rs 89.29 crore at the end of March compared to Rs 45.26 crore end December.