Thursday 3 December 2015

Wipro marginally up; to acquire Cellent AG

The company entered into an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG, a leading IT Consulting and Software Services company in Germany for Euro 73.5 million.


Wipro Limited
Wipro climbed marginally at Rs. 579.00 after the company entered into an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG, a leading IT Consulting and Software Services company in Germany for Euro 73.5 million.

The scrip opened at Rs. 587 and has touched a high and low of Rs. 587 and Rs. 577.35 respectively. So far 383624(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 142719.25 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.9 on 11-Mar-2015 and a 52 week low of Rs. 512.55 on 24-Apr-2015. Last one week high and low of the scrip stood at Rs. 587 and Rs. 562 respectively.

The promoters holding in the company stood at 73.36 % while Institutions and Non-Institutions held 15.29 % and 9.38 % respectively.

The stock is currently trading below its 200 DMA.

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