Wipro gains on collaborating with Lineaje
Wipro is currently trading at Rs. 566.70, up by 5.05 points or 0.90% from its previous closing of Rs. 561.65 on the BSE.
The scrip opened at Rs. 560.05 and has touched a high and low of Rs. 566.70 and Rs. 560.00 respectively. So far 20657 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 583.00 on 11-Nov-2024 and a 52 week low of Rs. 393.20 on 28-Nov-2023.
Last one week high and low of the scrip stood at Rs. 574.50 and Rs. 540.25 respectively. The current market cap of the company is Rs. 293841.49 crore.
The promoters holding in the company stood at 72.80%, while Institutions and Non-Institutions held 15.98% and 8.89% respectively.
Wipro and Lineaje have collaborated to help enterprises secure the open-source components within their software applications. Recently, Wipro’s corporate investment arm - Wipro Ventures - invested in Lineaje, a US based software supply chain security company.
Wipro will leverage Lineaje's Open-Source Manager and SBOM360 Hub to empower enterprises with a comprehensive service to continuously identify and neutralize critical open-source vulnerabilities within software they source, build, and use. This offering is built upon Lineaje's advanced capabilities to meticulously analyze software components, expose each component's known and hidden dependencies, and assess the vulnerabilities and risks within each component. This granular visibility allows for the verification of the entire supply chain's authenticity, proactive elimination of vulnerabilities at their source, and detection and remediation of potential compromises in the software supply chain.
This collaboration with Wipro not only validates Lineaje's innovative approach but also expands its reach and resources to further revolutionize software supply chain security. Wipro and Lineaje’s joint offerings will help enterprise customers centralize their software supply chain risk management and address critical vulnerabilities identified with the Lineaje platform.
Wipro is a leading global information technology, consulting and business process services company.