Wipro Ltd is up for a third straight session in a row. The stock is quoting at Rs 246.85, up 1.15% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.02% on the day, quoting at 12115.25. The Sensex is at 41310.4, up 1.02%. Wipro Ltd has dropped around 0.46% in last one month.

Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has dropped around 3.8% in last one month and is currently quoting at 16748.75, up 0.44% on the day. The volume in the stock stood at 7.6 lakh shares today, compared to the daily average of 25.14 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 247.55, up 1.29% on the day. Wipro Ltd is down 11.57% in last one year as compared to a 12.85% spurt in NIFTY and a 7.78% spurt in the Nifty IT index.

The PE of the stock is 17.24 based on TTM earnings ending December 19.

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Wipro has allotted 39,733 equity shares under ESOP on 11 February 2020.

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Wipro has granted 3.55 lakh restricted stock units under the company's restricted stock unit plans.

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Marelli is a leading global Tier-1 automotive technology supplier. This partnership will help Marelli to standardize, simplify and further enhance their IT services at a global level and consolidate several current vendors across applications management services & workplace end user services.

As part of this partnership, Wipro will help Marelli by leveraging its global service delivery model and automotive domain expertise and hyper-automation powered by the Wipro HOLMESTM platform.

Vinay Firake, senior vice president - manufacturing business unit, Wipro said, We are delighted to be selected as Marelli's strategic partner and look forward to supporting them in their challenges. Our strong capabilities, backed by extensive global experience in working with some of the biggest automotive suppliers in the world, will enable us to deliver this high value engagement-for Marelli. This partnership endorses the value we bring to the automotive industry and bears testimony to our growing footprint in Italy and Japan which are strategic markets for us.

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

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