Wipro gains on inking agreement to enter into strategic partnership with Opera Solutions

08 May 2013

Wipro is currently trading at Rs. 353.40, up by 1.70 points or 0.48% from its previous closing of Rs. 351.70 on the BSE.

The scrip opened at Rs. 354.00 and has touched a high and low of Rs. 355.00 and Rs. 351.40 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 418.25 on 09-Apr-2013 and a 52 week low of Rs. 290.11 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs. 361.50 and Rs. 344.00 respectively. The current market cap of the company is Rs. 87,037.00 crore.

The promoters holding in the company stood at 78.28% while Institutions and Non-Institutions held 10.62% and 9.37% respectively.

Wipro has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest $30 million in the company, which is privately held and headquartered in Jersey City, NJ.

Big Data represents an unprecedented opportunity for business value creation but many enterprises do not have the right technology or the science to access its power. Opera Solutions supplies these critical capabilities in a form that allows organizations to rapidly turn raw Big Data into strategic advantage, profit, and productivity.

Wipro is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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