Wipro gains strength on the BSE

12 Jul 2013

Wipro is currently trading at Rs. 371.25, up by 7.90 points or 2.17% from its previous closing of Rs. 363.35 on the BSE.

The scrip opened at Rs. 368.25 and has touched a high and low of Rs. 376.75 and Rs. 368.25 respectively. So far 1, 18,000 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. 368.65 and Rs. 347.35 respectively. The current market cap of the company is Rs. 91,468 crore.

The promoters holding in the company stood at 78.28% while Institutions and Non-Institutions held 10.62% and 9.37% respectively. Wipro BPO has been positioned among the top worldwide Finance and Accounting (F&A) services providers by leading analyst firm HfS Research in its ‘Blueprint Report on Finance and Accounting BPO’, authored by analysts Phil Fersht and Brian Dubiel. The HfS Blueprint identifies relevant differentials among service providers across a number of facets, fewer than two main categories: innovation and execution. While Execution represents service providers’ ability to deliver services, Innovation represents service providers’ ability to improve services. 

The company ranks high on the Innovation front in the report. HfS notes that Wipro’s additional emphasis on developing vertical capabilities has also helped it in becoming one of the more innovative firms and a real dark horse to watch in the coming months. The report ratings are based on a broad range of stakeholders with specific weightings derived from 1,355 crowd-sourced responses.

Wipro BPO, the Business Process Outsourcing service line of Wipro Technologies, is one of the largest BPO service providers on a global delivery platform. Wipro Technologies is the global information technology, consulting and outsourcing business of Wipro.

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