Wipro gains on completing sale of Ecoenergy division

02 Mar 2017

Wipro is currently trading at Rs. 492.00, up by 3.85 points or 0.79% from its previous closing of Rs. 488.15 on the BSE.

The scrip opened at Rs. 493.00 and has touched a high and low of Rs. 495.00 and Rs. 490.30 respectively. So far 22331 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 606.75 on 20-Apr-2016 and a 52 week low of Rs. 410.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 495.00 and Rs. 480.10 respectively. The current market cap of the company is Rs. 119563.45 crore.

The promoters holding in the company stood at 73.25%, while Institutions and Non-Institutions held 16.40% and 10.35% respectively.

Wipro has completed the sale of its EcoEnergy division on March 1, 2017. The impact of sale of EcoEnergy division is expected to reflect in the financials of Wipro for the quarter and year ending March 31, 2017.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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