Wipro advances on launching Silicon Valley Innovation Center in California

02 Aug 2017

Wipro is currently trading at Rs. 295.50, up by 1.25 points or 0.42% from its previous closing of Rs. 294.25 on the BSE.

The scrip opened at Rs. 294.50 and has touched a high and low of Rs. 295.80 and Rs. 294.00 respectively. So far 19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 295.90 on 01-Aug-2017 and a 52 week low of Rs. 205.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 295.90 and Rs. 287.55 respectively. The current market cap of the company is Rs. 1,43,705.00 crore.

The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 16.77% and 7.99% respectively.

Wipro has launched a multi-million dollar Silicon Valley Innovation Center in Mountain View, California. This state-of-the-art R&D and incubation hub is designed to develop and showcase next-generation technologies and solutions for enterprises.

Wipro’s Silicon Valley Innovation Center will serve as a showcase for the ‘Art of The Possible’ and demonstrate cutting-edge enterprise applications based on disruptive technologies such as Artificial Intelligence, Virtual Reality, Hyper Spectral Imaging, Machine Vision and Collaborative Robotics & Automation, to solve real-world business challenges faced by enterprises.

The center has also incubated a ‘Digital Pod’ and features a ‘Rapid Proto Lab’. The pod is purpose-built for Wipro’s digital strategy, design and engineering teams to work in a collaborative and adaptive workspace, along with clients.

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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