01-08-2024 11:47 AM | Source: Accord Fintech
Wipro gains on bagging contract to enhance MAHLE`s IT Infrastructure

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Wipro is currently trading at Rs. 526.25, up by 4.20 points or 0.80% from its previous closing of Rs. 522.05 on the BSE.

The scrip opened at Rs. 522.50 and has touched a high and low of Rs. 526.70 and Rs. 522.50 respectively. So far 171871 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.00 on 19-Jul-2024 and a 52 week low of Rs. 375.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 530.70 and Rs. 509.00 respectively. The current market cap of the company is Rs. 274971.75 crore.

The promoters holding in the company stood at 72.82%, while Institutions and Non-Institutions held 15.37% and 9.49% respectively.

Wipro has been selected by MAHLE, a global automotive supplier, to transform their IT infrastructure with an innovative hybrid cloud solution. MAHLE’s ambition was to provide a high quality and innovative service, allowing their internal customers to focus on their core business thereby enabling sustainable growth. 

As part of this multi-year project, Wipro will migrate MAHLE’s two core data centres into Wipro FullStride Cloud’s hybrid cloud solutions. This will enable MAHLE’s IT ecosystem to support business agility, standardize and digitize their IT ecosystem while meeting all regulatory requirements. This enhanced business flexibility will allow MAHLE to adjust their data and computing capacity consumption based on market conditions, significantly reducing their IT costs.

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