Wipro gains on plan to expand its operations in Romania

Wipro is currently trading at Rs. 555.10, up by 1.00 points or 0.18% from its previous closing of Rs. 554.10 on the BSE.

The scrip opened at Rs. 556.50 and has touched a high and low of Rs. 560.00 and Rs. 555.00 respectively. So far 40854 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 621.50 on 07-Oct-2014 and a 52 week low of Rs. 465.40 on 27-Nov-2013.

Last one week high and low of the scrip stood at Rs. 585.90 and Rs. 548.00 respectively. The current market cap of the company is Rs. 137554.74 crore.

The promoters holding in the company stood at 73.43% while Institutions and Non-Institutions held 13.64% and 10.99% respectively.

Wipro is planning to expand its operations in Romania with the addition of about 150 employees by end of next calendar year. The company is planning to increase its employee strength in Romania by 25% to 750 employees by December 2015.

At present, the company’s facilities in Romania serve more than 20 customers in Eastern Europe, supported by over 600 employees. Wipro's customers in Romania span across sectors like retail and consumer goods, healthcare, manufacturing and telecom industries, among others.

Meanwhile, the company is in discussions with local universities to partner and develop curriculum for enhancing local capabilities.

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.