Wipro inches up on the plans of expanding operations in Germany

12 Jun 2013

Wipro is currently trading at Rs 345.15, up by 0.10 points or 0.03 % from its previous closing of Rs 345.05 on the BSE.

The scrip opened at Rs 345.05 and has touched a high and low of Rs 346.20 and Rs 340.85 respectively. So far 56758 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 462.85 on 05-Apr-2013 and a 52 week low of Rs. 315.30 on 31-May-2013.

Last one week high and low of the scrip stood at Rs. 346.65 and Rs. 319.40 respectively. The current market cap of the company is Rs. 84974.34 crore.

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

Wipro is reportedly planning to expand its operations in Germany. In this regard, the company will hire around 1000 employee in Germany in next three years. The Bangalore-based company got about 28% of its overall revenues from Europe during the January-March quarter.

India’s third-largest software firm’s business from Europe declined 3.4 per cent during the fourth and final quarter of fiscal year 2013-13. 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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