Wipro gains on the buzz of its plans of investing in robotics, artificial intelligence

08 Sep 2014

Wipro is currently trading at Rs. 584.40, up by 2.45 points or 0.42 % from its previous closing of Rs. 581.95 on the BSE.

The scrip opened at Rs. 579.90 and has touched a high and low of Rs. 585.50 and Rs. 579.90 respectively. So far 18246 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. 447.00 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 584.00 and Rs. 559.85 respectively. The current market cap of the company is Rs. 144220.48 crore.

The promoters holding in the company stood at 73.44 % while Institutions and Non-Institutions held 13.36 % and 11.26 % respectively.

In a bid to boost internal innovation, Wipro has reportedly identified focus areas and has also allocated budgets for these. Among others, it is investing in innovation in cognitive technologies, artificial intelligence, man-machine interface, robotics, smart devices and open source. These could become revenue-accretive in two to five years.

Over recent months, the company has increasingly shown interest in benefiting from innovation in the technology system. A few months earlier, it followed the footsteps of some global peers by setting up a venture capital fund to look at investing in early-to-middle stage technology start-ups globally.

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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Wipro Share Price

423.15 -15.70 (-3.58%) Mar 05, 13:33
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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