Wipro gains on entering into global partnership with Excelfore

08 Aug 2017

Wipro is currently trading at Rs. 288.85, up by 0.35 points or 0.12% from its previous closing of Rs. 288.50 on the BSE.

The scrip opened at Rs. 290.10 and has touched a high and low of Rs. 291.20 and Rs. 288.30 respectively. So far 5,811 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 297.65 on 02-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. 297.65 and Rs. 287.40 respectively. The current market cap of the company is Rs. 1,40,566.00 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 entered into global partnership with Excelfore, a leading provider of middleware solutions for Smart Mobility Networks, to offer secure connectivity solutions for next generation smart and autonomous vehicles. This partnership combines Excelfore’s Smart Mobility Networks solutions with Wipro’s global systems integration and managed services expertise to enable connected car solutions for automotive original equipment manufacturers (OEMs) and Tier 1 equipment makers.

As part of this engagement, the two companies will enable scalable Ethernet AVB/TSN (Audio- Video Bridging/Time-Sensitive Networking) and Secure Full Vehicle FOTA/SOTA (Firmware/Software Over-The-Air) Update solutions for automotive manufacturers and smart mobility companies.

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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