Wipro Ltd.

Wipro is currently trading at Rs. 544.70, up by 3.15 points or 0.58% from its previous closing of Rs. 541.55 on the BSE.

The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 544.95 and Rs. 536.00 respectively. So far 27044 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 621.50 on 07-Oct-2014 and a 52 week low of Rs. 475.35 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 575.90 and Rs. 524.85 respectively. The current market cap of the company is Rs. 134283.40 crore.

The promoters holding in the company stood at 73.43% while Institutions and Non-Institutions held 13.64% and 10.99% respectively.

Wipro’s subsidiary - Wipro Arabia and Al Rajhi Bank, one of the largest Islamic banks in the world, has informed about the successful go live of Oracle FAHGL Program. This two year program has been a transformational journey for Al Rajhi Bank as it has moved from the legacy system to Oracle FAHGL. Wipro ensured a successful implementation of Financial Accounting Hub (FAH) at the bank, by integrating all banking systems through FAH, building a single repository for all financial data and developing an effective reconciliation and errors handling mechanism.

The shift to Oracle FAHGL has brought in operational efficiency at the bank especially in the Treasury, Risk and Card business operations. The reconciliation time has reduced, from three-four days to fifteen minutes and helped free up skilled banking experts for more analytical tasks. Implementation has also facilitated quality and timely management reporting and compliance of IFRS / IAS accounting principles.

Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.