Wipro trades higher on the bourses

07 Apr 2014

Wipro is currently trading at Rs. 558.50, up by 5.25 points or 0.95% from its previous closing of Rs. 553.25 on the BSE.

The scrip opened at Rs. 550.75 and has touched a high and low of Rs. 560.40 and Rs. 550.00 respectively. So far 43046 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 610.50 on 26-Feb-2014 and a 52 week low of Rs. 315.30 on 31-May-2013.

Last one week high and low of the scrip stood at Rs. 572.40 and Rs. 538.55 respectively. The current market cap of the company is Rs. 137731.49 crore.

The promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 13.88% and 10.69% respectively.

Wipro is aiming to increase its East Kilbride workforce by two fold. The company is also planning to expand its presence in Aberdeen, creating more than 90 new jobs over time in Scotland. These 90 new jobs are in addition to the 280 staff that Wipro already employs across Scotland.

Scottish Development International has worked with Wipro for a number of years to provide an integrated package of support including market guidance and recruitment advice, and more latterly 475,000 of Regional Selective Assistance, to make this expansion happen.

Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323