Wipro Ltd.

Wipro is currently trading at Rs. 427.40, up by 6.30 points or 1.50% from its previous closing of Rs. 421.10 on the BSE.

The scrip opened at Rs. 422.00 and has touched a high and low of Rs. 429.50 and Rs. 422.00 respectively. So far 15807 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 471.50 on 21-Apr-2011 and a 52 week low of Rs. 310.20 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 445.60 and Rs. 413.85 respectively. The current market cap of the company is Rs. 105182.86 crore.

The promoters holding in the company stood at 78.41% while Institutions and Non-Institutions held 10.08% and 9.81% respectively.

Wipro is reportedly eyeing number of technology deals, more than half of which are in IT infrastructure services. About 60-70% of the software exporter’s order funnel is in infrastructure services. Of which, 50% of these deals are from the US and 20-25% from the UK. The contracts, ranging from $100-500 million, are from banking, retail, manufacturing and healthcare sectors.

Over the years, IT infrastructure is one of the few areas where service providers can still look forward to large deals. Last fiscal, infrastructure services accounted for about $1 billion of the company’s revenues and continue to be 75-80% of its global technology business.