Wipro Ltd.

Wipro is currently trading at Rs 399.50, up by 8.70 points or 2.23% from its previous closing of Rs 390.80 on the BSE.

The scrip opened at Rs. 389.00 and has touched a high and low of Rs 399.95 and Rs 388.00 respectively. So far 39115 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 496.30 on 28-Dec-2010 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 399.95 and Rs 371.70 respectively. The current market cap of the company is Rs 98183 crore.

The promoters holding in the company stood at 79.17% while Institutions and Non-Institutions held 9.23% and 9.90% respectively.

Wipro Infrastructure Engineering, the global hydraulics business of Wipro, has signed a joint venture contract with Kawasaki heavy Industries in India to set up a large manufacturing facility for the manufacture of hydraulic pumps for excavators. The joint venture, which will be named as ‘Wipro Kawsaki Precision Machinery’ will entail  an investment of  Rs 50 crore, with an initial capacity  of 4000 pumps which would be augmented to Rs 15,000 pumps by 2015.

Further, the manufacturing facility will produce hydraulic pumps for excavators catering to a range pf 7 ton to 20 ton excavators. The plant located at Bangalore will start operations in July 2012 and will localize the production of the hydraulic pumps to a large extent.

Wipro Infrastructure Engineering is the world’s largest independent manufacturer of hydraulic cylinders. The new manufacturing unit to be set up at Bangalore will be its eleventh manufacturing location globally.

Kawasaki’s precision machinery company,  part of $16 billion dollar Kawsaki Heavy Industries Group, manufactures hydraulic components and equipments used in construction machinery as well as motor cycle, aircraft, rolling stock, ships, industrial robots, plants and equipments etc.