07-11-2024 02:58 PM | Source: Accord Fintech
Wipro inches up on entering into strategic partnership with RELEX Solutions

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Wipro is currently trading at Rs. 564.15, up by 0.10 points or 0.02% from its previous closing of Rs. 564.05 on the BSE.

The scrip opened at Rs. 566.95 and has touched a high and low of Rs. 569.70 and Rs. 554.60 respectively. So far 307151 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. 376.90 on 10-Nov-2023.

Last one week high and low of the scrip stood at Rs. 569.70 and Rs. 534.50 respectively. The current market cap of the company is Rs. 295358.70 crore.

The promoters holding in the company stood at 72.80%, while Institutions and Non-Institutions held 15.98% and 8.89% respectively.

Wipro has entered into strategic partnership with RELEX Solutions, a provider of unified supply chain and retail planning solutions. This partnership combines Wipro’s deep expertise in the retail and Consumer Packaged Goods (CPG) sectors with RELEX Solutions’ AI-based supply chain and retail planning platform. The platform enables retailers, wholesalers, and consumer goods companies to maximize sales, minimize costs, and reduce waste by optimizing demand, merchandise, supply chain, and operations planning across their value chain.

RELEX Solutions’ unified AI-based platform allows for comprehensive and fully integrated supply chain management for all distribution channels. The platform optimizes internal processes and enhances collaboration with suppliers in key areas such as demand, availability, and resource planning. Additionally, the platform supports merchandising, inventory management, and operations planning, ensuring seamless data integration and real-time analytics to drive efficiency and profitability throughout the entire supply chain.

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