Wipro gains on bagging IT applications management contract from Outokumpu

07 Sep 2017

Wipro is currently trading at Rs. 297.90, up by 0.70 points or 0.24% from its previous closing of Rs. 297.20 on the BSE.

The scrip opened at Rs. 298.90 and has touched a high and low of Rs. 298.90 and Rs. 297.70 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.00 on 31-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. 298.90 and Rs. 295.85 respectively. The current market cap of the company is Rs. 1,44,978.00 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 won a five-year IT applications management contract from Outokumpu. Headquartered in Finland, Outokumpu is a global leader in stainless steel.

As part of the five-year contract, the company will provide applications management services for Outokumpu’s SAP landscape along with legacy applications support to cover Outokumpu locations, globally. Leveraging the Wipro HOLMES artificial intelligence platform, Wipro will drive the next phase of delivery through enhanced user experience and productivity and accelerate processes through automation.

Wipro is the country’s third-largest software services firm and is engaged in providing information technology solutions.


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