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03-05-2024 11:49 AM | Source: Accord Fintech
Wipro moves up on partnering with Independent Health to implement MPPP360 Platform

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Wipro is currently trading at Rs. 458.75, up by 1.50 points or 0.33% from its previous closing of Rs. 457.25 on the BSE.

The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 461.65 and Rs. 457.90 respectively. So far 56592 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 546.10 on 19-Feb-2024 and a 52 week low of Rs. 375.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 455.55 respectively. The current market cap of the company is Rs. 239637.92 crore.

The promoters holding in the company stood at 72.89%, while Institutions and Non-Institutions held 15.24% and 9.48% respectively.

Wipro has been selected by Independent Health, Western New York’s only 5-Star Rated Medicare Advantage Plan, to implement Wipro’s Medicare Prescription Payment Plan (MPPP360) platform for the upcoming open enrollment period.

Starting in 2025, the Medicare Prescription Payment Plan will allow enrollees to make capped monthly payments for out-of-pocket prescription drugs, amongst other changes. The new law aims to improve access to affordable treatments and strengthen Medicare.

Wipro’s MPPP360 platform will assist Independent Health in streamlining the payment process to seamlessly integrate these new provisions, simplifying prescription cost management for Medicare recipients in Western New York.

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