Wipro gains on implementing core banking solution for Canara Bank sponsored RRB

Wipro Ltd. | IT - Software | IT & ITES | BSE: 507685 | NSE: WIPRO

18 Mar 2020 Evaluate

Wipro is currently trading at Rs. 174.15, up by 0.35 points or 0.20% from its previous closing of Rs. 173.80 on the BSE.

The scrip opened at Rs. 174.70 and has touched a high and low of Rs. 178.30 and Rs. 174.00 respectively. So far 132976 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 301.55 on 14-Jun-2019 and a 52 week low of Rs. 170.05 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 206.60 and Rs. 170.05 respectively. The current market cap of the company is Rs. 100582.84 crore.

The promoters holding in the company stood at 74.04%, while Institutions and Non-Institutions held 15.42% and 8.10% respectively.

Wipro has successfully implemented core banking solution for Kaveri Grameena Bank as part of the merger with Pragathi Krishna Gramin Bank to form, Canara Bank sponsored Regional Rural Bank (RRB), Karnataka Gramin Bank.

Wipro had earlier provided technology-driven solutions for 688 branches of Pragathi Krishna Gramin Bank. Now the company has completely migrated 479 branches of Kaveri Grameena Bank for the newly formed Karnataka Gramin Bank. The amalgamated RRB will leverage the core banking solution platform to deploy state-of-the-art technology in all its 1167 branches. This will enable simplified functioning processes and better customer experience. Wipro is also responsible for addressing maintenance and post-migration developments since the deployment in December 2019.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

Wipro Share Price

197.95 0.60 (0.30%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2394.85
Infosys	1179.20
HCL Tech.	1198.60
Wipro	197.95
Tech Mahindra	1463.05
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