Wipro surges on entering into global alliance with SRC Cyber

05 Feb 2015

Wipro is currently trading at Rs. 625.95, up by 8.30 points or 1.34% from its previous closing of Rs. 617.65 on the BSE.

The scrip opened at Rs. 619.00 and has touched a high and low of Rs. 628.90 and Rs. 619.00 respectively. So far 26472 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 629.50 on 04-Feb-2015 and a 52 week low of Rs. 475.35 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 629.50 and Rs. 597.95 respectively. The current market cap of the company is Rs. 154678.68 crore.

The promoters holding in the company stood at 73.40% while Institutions and Non-Institutions held 13.58% and 11.06% respectively.

Wipro, a leading global information technology, consulting and business process Services Company, has entered into a global alliance with SRC Cyber, LLC, a company specializing in cyber security products and services. The two companies will jointly develop IT security products and provide consulting services that will serve organizations across the global energy and utilities industry value chain.

The joint offering aims to provide customers with an entire gamut of solutions and services, ranging from strategy development, compliance adherence, operations optimization to project delivery. Wipro’s global security consulting and energy domain expertise combined with SRC Cyber’s leading edge products and services for the energy and utilities industries will deliver a comprehensive set of solutions that will help customers address current and emerging threats.

In addition, Wipro and SRC Cyber will jointly help utilities recognize, address and mitigate internal threats arising from the human interface of their operations. This joint offering by Wipro and SRC Cyber will also help customers in North America comply with the NERC CIP (North American Electric Reliability Corporation Critical Infrastructure Protection) standards, a set of requirements designed to secure assets vital to reliably operating North America’s electrical grid.


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