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Wipro trades in green on the bourses

Wipro is currently trading at Rs. 291.70, up by 0.80 points or 0.28% from its previous closing of Rs. 290.90 on the BSE.

The scrip opened at Rs. 293.00 and has touched a high and low of Rs. 293.00 and Rs. 291.70 respectively. So far 1614 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 299.25 on 02-May-2019 and a 52 week low of Rs. 190.13 on 06-Jun-2018.

Last one week high and low of the scrip stood at Rs. 299.25 and Rs. 289.10 respectively. The current market cap of the company is Rs. 175545.55 crore.

The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 15.43% and 8.44% respectively.

Wipro in partnership with R3, the enterprise blockchain software firm, has developed a blockchain-based solution prototype to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand.

Developed as part of the first phase of Project Inthanon, the solution will enable de-centralized interbank real-time gross settlement (RTGS) using wholesale Central Bank Digital Currency (CBDC) to prove that the technology can perform key functionalities of payment and enhance efficiency.

As part of the Phase I of Project Inthanon, Wipro and R3 have co-developed a blockchain solution prototype on Corda, R3’s open source blockchain platform, for the consortium. The solution automates the banks’ liquidity provision for resolving payment deadlocks through Liquidity Saving Mechanisms (LSM). The prototype has successfully demonstrated that DLT can significantly enhance payment efficiency by enabling 24/7 interbank settlements.

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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