Wipro rises on entering into partnership with Comparex

05 Jun 2015

Wipro is currently trading at Rs. 556.50, up by 3.45 points or 0.62% from its previous closing of Rs 553.05 on the BSE.

The scrip opened at Rs. 554.40 and has touched a high and low of Rs. 558.40 and Rs. 551.20 respectively. So far 9152 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.90 on 11-Mar-2015 and a 52 week low of Rs. 490.80 on 05-Jun-2014.

Last one week high and low of the scrip stood at Rs. 567.15 and Rs. 543.90 respectively. The current market cap of the company is Rs. 137535.46 crore.

The promoters holding in the company stood at 73.39% while Institutions and Non-Institutions held 15.07% and 9.58% respectively.

Wipro, a leading global information technology, consulting and business process services company, has entered into a strategic alliance and partnership for its Microsoft Licensing Solution Provider (LSP) business in India with Comparex, a global IT service provider specializing in software procurement, license management and technology consulting. Wipro has been one of the largest Microsoft LSPs in India for over a decade.

With the licensing industry constantly maturing, the need to focus on core competencies such as providing IT and business services, managing client relationships etc. has intensified. Wipro has therefore formed a partnership alliance with Comparex India, to provide the back-office support for its Microsoft LSP business in India. This enables Wipro to focus on its customers with a resource-specific approach and ensures its ownership of the entire customer relationship.

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
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