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      Wipro nudges higher after securing contract

      MoM Team / Mumbai, Jun 15, 2017 02:13 PM IST

        Wipro nudges higher after securing contract

        Wipro rose 2.03 percent to Rs 261 on BSE after the company said it has won IT applications managed services contract from Finnish company Valmet.

        The announcement was made after market hours yesterday, 14 June 2017.

        Meanwhile, the S&P BSE Sensex was down 74.50 points or 0.24 percent at 31,081.41.

        On the BSE, 2.75 lakh shares were traded on the counter so far as against the average daily volumes of 3.01 lakh shares in the past two weeks. The stock had hit a high of Rs 262 and a low of Rs 255.20 so far during the day. The stock had hit a 52-week high of Rs 288.75 on 13 July 216 and a 52-week low of Rs 205 on 9 November 2016.

        The stock had underperformed the market over the past one month till 14 June 2017, advancing 1.05 percent compared with the Sensex's 3.21 percent rise. The stock had also underperformed the market over the past one quarter, gaining 2.33 percent as against the Sensex's 5.82 percent rise. The scrip had also underperformed the market over the past one year, sliding 5.51 percent as against the Sensex's 18.03 percent rise.

        The large-cap company has equity capital of Rs 973.33 crore. Face value per share is Rs 2.

        Wipro announced that it has won IT applications managed services engagement with Finnish company, Valmet, a leading global developer and supplier of technologies, automation and services for the pulp, paper, and energy industries.

        Valmet has selected Wipro as the partner for supporting its renewed Infor LN ERP platform. As part of the multi-year engagement, Wipro will deliver the maintenance and support of the new ERP platforms in a Managed.


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