Wipro shares were trading up 1.94 per cent at Rs 516.25 on the BSE on Tuesday in early trade.

The stock had closed at Rs 506.45 on Monday.

On the NSE, it was trading at Rs 516 (Rs 506), up 1.98 per cent.

The company is set to announce its second quarter results today. Wipro may continue the good form shown by its larger peers but may not outperform them, market men say.