Why Wipro Down After Posting 20% Profit Rise?

#1
Can some one please tell me why Wipro is down despite 20% Q-Q increase in profit? Though a number of articles say this is because the company lags behind peers hasn't this been the way for quite a while now? I don't buy profit booking either why would someone book their profits despite the results beat estimates and why after the results are announced? Thanks.
 
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