Wipro Ltd Share Price – NSE /  BSE

IT - Software, Mid Cap

Wipro has appointed Srikumar Rao as Global Head of its Engineering Edge Business Line, effective from 05 October 2024. Srikumar succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organization. Srikumar will report to Srini Pallia.

Srikumar has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and Global Practice Head of Embedded Systems.

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Wipro has allotted 1,01,664 equity shares under ADS Restricted Stock Unit Plan 2004 and 78,855 equity shares under the Restricted Stock Unit Plan 2007 on 28 August 2024, pursuant to exercise of ESOPs.

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Wipro announced that is has been selected by the John Lewis Partnership (JLP) to transform and modernize the firm's IT infrastructure. The transformation project will help the UK retailer advance its industry leadership and future-proof its business to drive ongoing, sustainable growth.

As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, Network and End user services for another four years. The Wipro FullStride Cloud team will collaborate with JLP and Google Cloud in a strategic transformation of their X86 platform to the cloud, enabling them to unlock new business value by making them more agile, optimizing operating costs, and streamlining business operations.

As part of this engagement, Wipro and JLP will investigate the adoption of innovative solutions that continue to reinforce their industry leadership and put the retailer at the forefront of retail technology and store modernization

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Wipro Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 521.25, up 0.29% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24703.35. The Sensex is at 80851.87, up 0.53%. Wipro Ltd has risen around 3.05% in last one month.

Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has risen around 4.25% in last one month and is currently quoting at 41236.85, up 0.55% on the day. The volume in the stock stood at 32.06 lakh shares today, compared to the daily average of 85.2 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 523.8, up 0.46% on the day. Wipro Ltd is up 25.72% in last one year as compared to a 27.38% spurt in NIFTY and a 34.03% spurt in the Nifty IT index.

The PE of the stock is 30.52 based on TTM earnings ending June 24.

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