Wipro gains on inking multiyear deal with Entrust
Wipro is currently trading at Rs. 247.75, up by 1.55 points or 0.63% from its previous closing of Rs. 246.20 on the BSE.
The scrip opened at Rs. 246.25 and has touched a high and low of Rs. 249.70 and Rs. 246.25 respectively. So far 44236 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 324.55 on 23-Jan-2025 and a 52 week low of Rs. 208.40 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 251.75 and Rs. 245.75 respectively. The current market cap of the company is Rs. 259567.69 crore.
The promoters holding in the company stood at 72.73%, while Institutions and Non-Institutions held 15.82% and 8.67% respectively.
Wipro has won a multiyear deal with Entrust, a global leader in identity-centric security solutions, where the company will provide strategic resources, scale, and agility to help Entrust accelerate its growth. The company will utilize cutting-edge industry practices to assist Entrust in product development, infrastructure, and application modernization. The company will deploy Gen AI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times.
Additionally, the Wipro team will bolster application security by integrating advanced analytics to proactively identify vulnerabilities and offer actionable insights for intelligent software development. Ultimately, this collaboration will enable Entrust to enhance productivity, elevate employee satisfaction and security measures, and reduce costs through streamlined IT operations and reporting.
Wipro is a leading global information technology, consulting and business process services company.
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