Wipro Ltd.

Wipro is currently trading at Rs. 273.35, up by 0.65 points or 0.24% from its previous closing of Rs. 272.70 on the BSE.

The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 275.00 and Rs. 273.50 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 290.65 on 31-Jul-2020 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 285.70 and Rs. 271.80 respectively. The current market cap of the company is Rs. 155833.84 crore.

The promoters holding in the company stood at 74.02%, while Institutions and Non-Institutions held 15.45% and 8.06% respectively.

Wipro has entered into partnership with industry-leading Standard Initial Margin Model (SIMM) vendor, Quaternion Risk Management. As part of the collaboration, Wipro will offer SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules (UMR).

The offering will allow financial institutions to calculate trade sensitivities, generate CRIF (Common Risk Interchange Format) file and calculate initial margin in-house. The solution simplifies compliance procedures by including back testing, benchmarking and preparing documentation required for regulatory approval. It also offers independent model validation of a firm's own internal SIMM solution, AANA (Aggregate Average Notional Amount) calculation, and Initial Margin exchange threshold calculation/simulation. The partnership aims to provide cost efficiencies and seamless integration with clients' internal systems, while maintaining full control over sensitive trade information.

Wipro is a leading global information technology, consulting and business process services company.