22 Oct 2024

Wipro Shares Rise on Stock Market Amid Strategic Milestones

Wipro's stock is currently trading at ₹553.45, an increase of 5.60 points or 1.02% from its previous close of ₹547.85 on the BSE.

The stock opened at ₹550.00, reaching a high of ₹554.50 and a low of ₹548.40 during the day, with 59,203 shares traded so far.

Wipro, a 'Group A' stock with a face value of ₹2, hit its 52-week high of ₹580.00 on July 19, 2024, and its 52-week low of ₹375.00 on October 26, 2023. Over the past week, the stock's high and low were ₹561.85 and ₹524.90, respectively. The company’s market capitalization currently stands at ₹286,606.95 crore.

Promoters hold 72.80% of the company's shares, with institutions owning 15.98%, and non-institutions holding 8.89%.

Wipro and Ericsson recently collaborated to upgrade the billing systems for Odido’s mobile customers in the Netherlands by migrating to the cloud-native Ericsson Billing platform on Amazon Web Services (AWS). This transition enables Odido to introduce new 5G services, including the Klik&Klaar fixed-wireless access solution, improving both operational efficiency and customer experience.

In August 2024, Wipro helped migrate 5 million customers to the new system in just one weekend. This followed the migration of 700,000 Ben MVNO users in November 2023. Wipro, as the lead systems integrator, worked closely with Ericsson and Odido to streamline the integration into Odido’s IT ecosystem, reducing costs and enhancing the customer experience.