Saturday , October 16 2021

Wipro gains on securing $300 million deal from ICICI Bank

Wipro is currently trading at Rs. 257.80, up by 1.70 points or 0.66% from its previous closing of Rs. 256.10 on the BSE.

The scrip opened at Rs. 259.20 and has touched a high and low of Rs. 259.25 and Rs. 257.00 respectively.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 301.55 on 14-Jun-2019 and a 52 week low of Rs. 220.50 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 259.25 and Rs. 249.20 respectively. The current market cap of the company is Rs. 154565.56 crore.

The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 15.10% and 8.77% respectively.

Wipro has secured a strategic seven-year engagement, valued at $300 million, from ICICI Bank, a leading Indian private sector bank, to provide a comprehensive suite of services. The company has a significant presence as an IT services provider in the global banking and financial services sector.

The company provides innovative solutions to banks by leveraging Wipro HOLMES, the Company’s Artificial Intelligence platform. This engagement will further strengthen the company’s endeavor to provide differentiated technology and digital capabilities to the financial services industry.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

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