Wipro moves up on the bourses

Wipro is currently trading at Rs. 511.75, up by 6.25 points or 1.24% from its previous closing of Rs. 505.50 on the BSE. The scrip opened at Rs. 507.00 and has touched a high and low of Rs. 514.40 and Rs. 502.35 respectively. So far 102188 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 610.50 on 26-Feb-2014 and a 52 week low of Rs. 315.30 on 31-May-2013. Last one week high and low of the scrip stood at Rs. 530.70 and Rs. 500.55 respectively. The current market cap of the company is Rs. 126285.21 crore. The promoters holding in the company stood at 73.47% while Institutions and Non-Institutions held 13.62% and 10.97% respectively. Wipro, a leading Information Technology, Consulting and Outsourcing company has signed a partnership with Axiom Software Laboratories (AxiomSL), a global leader of regulatory reporting and risk management solutions for the financial services industry. The partnership between Wipro and AxiomSL seeks to address challenges faced by financial institutions with solutions that offer increased transparency, improved data integrity and a deeper level of data granularity and traceability required by regulators. Wipro is currently assisting two global banks in the firm-wide roll-out of the AxiomSL solution.   Risk & Compliance Services is one of the fastest growing segments for Wipro’s banking, financial services and insurance business. Wipro has a strong team of ex-regulators, ex-CROs, risk architects and technologists that has successfully delivered over 100 Risk & Compliance engagements spanning consulting, IT and BPO services. AxiomSL’s integrated data-driven platform meets the demands of regulators across multiple jurisdictions while supporting diverse submission formats including XBRL taxonomy requirements. AxiomSL’s solution combined with Wipro’s consulting and technology capabilities will empower clients to have full control over their regulatory process workflow. Wipro enables customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management