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Wipro strengthens on eyeing to set up BPO centre in Saudi Arabia

04 Apr 2016

Wipro is currently trading at Rs. 569.85, up by 8.35 points or 1.49% from its previous closing of Rs. 561.50 on the BSE.

The scrip opened at Rs. 570.00 and has touched a high and low of Rs. 570.85 and Rs. 564.30 respectively. So far 6633 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 629.00 on 01-Apr-2015 and a 52 week low of Rs. 508.90 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 572.25 and Rs. 548.20 respectively. The current market cap of the company is Rs. 140529.80 crore.

The promoters holding in the company stood at 73.35% while Institutions and Non-Institutions held 15.52% and 10.53% respectively.

Wipro, the country’s major software services firm, is eyeing to set up a BPO centre in Riyadh, Saudi Arabia. This will be the second such facility after an all-women technology services centre of Tata Consultancy Services (TCS).

Wipro has recently entered into a five year partnership with Jubilant FoodWorks, master franchisee for Domino’s Pizza and Dunkin’ Donuts in India and the leader in the Quick Service Restaurant (QSR) space in the country with over 1000 restaurants in India, to deliver energy management services and help reduce its energy and operational costs.

Wipro is engaged in providing information technology solutions. It offers solutions for systems integration, information systems outsourcing, package implementation, system integration, network integration, software solutions and information technology services, software application development and maintenance and research and development services to corporations globally.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323