Wipro rises on winning 5-year strategic infrastructure management contract from PMI

Wipro rises on winning 5-year strategic infrastructure management contract from PMI

Sep 05,2014   09:51 Hrs IST

Wipro is currently trading at Rs. 581.15, up by 4.55 points or 0.79% from its previous closing of Rs. 576.60 on the BSE. The scrip opened at Rs. 580.00 and has touched a high and low of Rs. 584.00 and Rs. 578.75 respectively. So far 25918 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. 447.00 on 16-Sep-2013. Last one week high and low of the scrip stood at Rs. 584.00 and Rs. 559.85 respectively. The current market cap of the company is Rs. 142283.40 crore. The promoters holding in the company stood at 73.44% while Institutions and Non-Institutions held 13.36% and 11.26% respectively. Wipro, a leading global information technology, consulting and business process services organization, has won a contract with Philip Morris International Inc. (PMI). PMI is the leading international tobacco company, with products sold in more than 180 markets. As a part of the five-year agreement, Wipro will provide a full suite of IT infrastructure management services to PMI. The IT infrastructure services will support a host of functions at PMI including management and support of its servers, storage, backup and applications infrastructure. Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.