Wipro gains on incorporating stepdown subsidiary in Czech Republic
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Wipro is currently trading at Rs. 408.90, up by 2.20 points or 0.54% from its previous closing of Rs. 406.70 on the BSE.
The scrip opened at Rs. 407.20 and has touched a high and low of Rs. 409.70 and Rs. 406.85 respectively. So far 76032 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.60 on 15-Sep-2023 and a 52 week low of Rs. 351.85 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 410.55 and Rs. 400.70 respectively. The current market cap of the company is Rs. 213206.11 crore.
The promoters holding in the company stood at 72.91%, while Institutions and Non-Institutions held 13.89% and 10.93% respectively.
Wipro has incorporated stepdown subsidiary namely ‘Wipro Czech Republic IT Services s.r.o.’ with effect from October 4, 2023. The company has incorporated stepdown subsidiary to explore new business opportunities in the Czech Republic for providing software consulting services and related activities.
Wipro is a leading global information technology, consulting and business process services company.
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