New Delhi, July 16 -- Wipro share price rose as much as 1.51% on NSE in Thursday's trading session ahead of the company's June quarter results announcement today.

The IT stock opened at Rs.175.60 apiece today, as compared to previous close of Rs.175.65 on Wednesday. Wipro shares touched an intraday high of Rs.177.42 on 16 July.

Brokerage firm Axis Direct expects Wipro's revenue growth of 1% QoQ, as delayed deal ramp-ups and client-specific issues are expected to be partially offset by a higher contribution from the Harman acquisition.

"EBIT margins are likely to decline by 84 bps QoQ due to wage hikes and higher AI investments. Key monitorables include a) outlook on the European business and acquisitions, b) new deal wins, and c) manag...