Wipro shines on entering into multi-year contract with Outokumpu

12 Jun 2014

Wipro is currently trading at Rs. 529.40, up by 2.45 points or 0.46% from its previous closing of Rs. 526.95 on the BSE.

The scrip opened at Rs. 534.70 and has touched a high and low of Rs. 534.70 and Rs. 522.70 respectively. So far 88,000 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. 331.00 on 14-Jun-2013.

Last one week high and low of the scrip stood at Rs. 537.00 and Rs. 495.30 respectively. The current market cap of the company is Rs. 1,30,611.00 crore.

The promoters holding in the company stood at 73.47% while Institutions and Non-Institutions held 13.62% and 10.97% respectively.  Wipro, a leading global Information Technology, Consulting and Outsourcing company, has been selected by Outokumpu, a global leader in stainless steel, as its Global Prime Partner for applications maintenance and development of legacy applications across ten countries including UK, Poland, Italy, Spain, Germany, Sweden, Finland, USA, Mexico and China.

The multi-year contract is geared towards bringing cost efficiencies and enabling enhanced optimization of applications within HR, Finance, Procurement, Market & Business Intelligence, Marketing and Communications, Supply Chain, Production and R&D, and Integration & Platform areas, thereby helping Outokumpu with their ongoing efficiency and cost saving measures to improve profitability.

Globally, select employees from Outokumpu IT are expected to be transferred to Wipro. As part of the partnership they will initially continue to be based at their current locations, with roles and tasks that remain largely the same.

Related Wipro Ltd. Links:

Wipro Share Price

418.80 1.95 (0.47%) Mar 09, 17:09
1 Year Price Chart
Company Name CMP
TCS 3049.95
Infosys 1345.70
HCL Tech. 973.00
Wipro 418.80
Tech Mahindra 988.30
View more..
Sensex vs Wipro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323