Wipro gains on securing contract from Etihad Airways
Wipro is currently trading at Rs. 312.00, up by 2.70 points or 0.87% from its previous closing of Rs. 309.30 on the BSE.
The scrip opened at Rs. 312.00 and has touched a high and low of Rs. 315.75 and Rs. 311.35 respectively. So far 237476 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. 319.10 and Rs. 301.50 respectively. The current market cap of the company is Rs. 328655.71 crore.
The promoters holding in the company stood at 72.75%, while Institutions and Non-Institutions held 16.02% and 8.73% respectively.
Wipro has been selected by Etihad Airways to lead its comprehensive technology modernisation. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management. The company’s FullStride Cloud will deliver a customised cloud-based solution that will provide Etihad Airways real-time insights into their resource utilisation and improve operational agility and scalability for their global operations.
The company will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework - from automation of data centres to conversational support to end-users. GenAI will also offer intelligent device management and insights that will optimise performance and resolve potential disruptions proactively. Etihad Airways will gain access to Wipro's Innovation Lab in the UAE, which will play a pivotal role in enhancing their technology to meet the evolving demands of their global operations.
Wipro is a leading global information technology, consulting and business process services company.
