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Wipro rises on inking deal with Metro Bank to drive IT Transformation

  • bitnet infotech
  • July 31, 2020
  • 5:43 am

Wipro is currently trading at Rs. 287.55, up by 3.50 points or 1.23% from its previous closing of Rs. 284.05 on the BSE.

The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 290.65 and Rs. 286.50 respectively.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 290.65 on 31-Jul-2020 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 290.65 and Rs. 267.25 respectively. The current market cap of the company is Rs. 162319.39 crore.

The promoters holding in the company stood at 74.02%, while Institutions and Non-Institutions held 15.45% and 8.06% respectively.

Wipro has been selected as strategic partner by Metro Bank, a large UK based retail and commercial bank, to deliver and transform Testing and Environment Management Services.

As part of this partnership, Wipro will leverage its Digital and Quality Engineering capabilities to drive transformation through automation, service virtualisation and DevSecOps enablement. This will help Metro Bank achieve its objectives around cost, pace and quality of operations and further differentiate them from other high street banks. Wipro will accelerate the bank’s digital journey through its marquee offerings, Virtual Automation Engineer, IntelliAssureTM and Digital Rig. In addition, Wipro has been chosen as one of the preferred partners to deliver Business-IT services across Metro Bank functions.

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

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