Wipro Ltd.

Wipro is currently trading at Rs. 339.50, up by 5.30 points or 1.59% from its previous closing of Rs. 334.20 on the BSE.

The scrip opened at Rs. 338.80 and has touched a high and low of Rs. 343.25 and Rs. 336.50 respectively. So far 81441 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 452.50 on 17-Feb-2012 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. 347.00 and Rs. 325.60 respectively. The current market cap of the company is Rs. 83653.09 crore.

The promoters holding in the company stood at 78.37% while Institutions and Non-Institutions held 10.06% and 9.86% respectively.  

Wipro’s IT Business unit - Wipro Infotech, has executed a Core Banking Solution (CBS) for five co-operative banks under the National Agriculture Bank for Rural Development (NABARD). The application is hosted from Wipro’s data centre and will be supported for five years from the date of commencement.

The company is currently implementing the project for co-operative banks across Bihar, Uttar Pradesh, Maharashtra, Punjab and Haryana, as part of the contract. Phase one of the project will cover State Co-operative Banks and District Co-operative Banks of 10 states. It will computerize 76 banks with approximately 2,790 branches.

With this initiative, account holders can receive e-payments towards subsidy and various other government schemes in their accounts directly. Remittance of funds from the cities to the villages and vice-versa will be done easily at a bank branch in the village. The banks will now be able to provide latest e-banking facilities like ATM facility, utility bill payment, mobile banking, e-payments etc. to customers in remotest of places.