Wipro is currently trading at Rate RS 247.75, up by 1.55 points or 0.63% from its previous close of Rate RS 246.20 on the BSE.
The stock opened at Rate RS 246.25 and has touched an intraday high of Rate RS 249.70 and a low of Rate RS 246.25. A total of 44,236 shares have been traded so far.
Classified under BSE group 'A', the stock with a face value of Rate RS 2 has recorded a 52-week high of Rate RS 324.55 on January 23, 2025, and a 52-week low of Rate RS 208.40 on June 4, 2024. Over the past week, the stock has moved between Rate RS 251.75 and Rate RS 245.75. The current market capitalization of the company is Rate RS 2,59,567.69 crore.
Promoter holding stands strong at 72.73%, while institutional and non-institutional investors hold 15.82% and 8.67%, respectively.
The stock is trading higher following Wipro's announcement of a multiyear strategic partnership with Entrust, a global leader in identity-centric security solutions. Under the agreement, Wipro will provide scalable and agile strategic support to drive Entrust’s growth trajectory.
Wipro will leverage cutting-edge practices to assist Entrust with product development, infrastructure optimization, and application modernization. The company also plans to deploy Generative AI-powered solutions to enhance self-service platforms, resulting in faster query resolution, improved user experiences, and reduced support turnaround times.
In addition, Wipro will integrate advanced analytics into Entrust's application security framework, enabling early detection of vulnerabilities and delivering intelligent insights for secure software development. This collaboration is expected to boost productivity, enhance employee satisfaction and security, and reduce costs by streamlining IT operations and reporting.
Wipro is a global leader in information technology, consulting, and business process services.