Wipro shares rose on Wednesday after the company was selected by Vorwerk, a global leader in direct sales and high-quality household appliances, to manage and transform its IT ecosystem.

Wipro is currently trading at RS 241.90, up by 0.45 points or 0.19% from its previous close of RS 241.45 on the BSE. The stock opened at RS 241.30 and has so far hit an intraday high of RS 243.40 and a low of RS 239.10. Total traded volume on the counter stood at 6,05,398 shares.

This BSE group 'A' stock, with a face value of RS 2, recorded its 52-week high of RS 324.55 on January 23, 2025, and a 52-week low of RS 208.40 on June 4, 2024. Over the last week, the scrip has traded between RS 246.15 and RS 238.00. The company’s current market capitalization stands at RS 2,51,202.20 crore.

Promoter holding in Wipro remains strong at 72.73%, with institutional and non-institutional investors owning 15.82% and 8.67% respectively.

The five-year strategic engagement with Vorwerk will see Wipro overhaul the German firm’s IT landscape using its AI-powered infrastructure operations solution. This includes consolidating business applications, infrastructure, and cybersecurity systems into a unified monitoring platform to enhance operational visibility, efficiency, and cyber-risk management.

Wipro will also collaborate with Vorwerk’s technology partners to standardize products, refine customer engagement, and develop a roadmap for intelligent product development. An integrated support portal will also be built to streamline and improve user experience.

Wipro continues to strengthen its position as a global leader in IT, consulting, and business process services.