Wipro shines on entering into strategic partnership with Outokumpu

Wipro is currently trading at Rs. 381.00, up by 5.95 points or 1.59% from its previous closing of Rs. 375.05 on the BSE.

The scrip opened at Rs. 381.45 and has touched a high and low of Rs. 384.40 and Rs. 380.50 respectively. So far 104898 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 729.90 on 19-Oct-2021 and a 52 week low of Rs. 372.40 on 17-Oct-2022.

Last one week high and low of the scrip stood at Rs. 409.50 and Rs. 372.40 respectively. The current market cap of the company is Rs. 205738.92 crore.

The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 10.38% and 14.32% respectively.

Wipro and Outokumpu have entered into strategic partnership to accelerate Outokumpu’s cloud transformation for applications.

This is yet another win for Wipro in Finland, resulting from Wipro’s renewed focus and investments across the Nordics and in Finland.

The deal will help Outokumpu reach its goal of becoming an agile, data-driven, sustainability focused organization by delivering next-generation applications and building a Microsoft Azure powered platform for Outokumpu’s corporate and factory applications.

As a result, Outokumpu will be able to respond faster to changing business needs, as well as improve productivity, reliability, and the cost-effectiveness of IT services.

In addition, this on-demand platform will reduce consumption of power, lowering the carbon footprint associated with Outokumpu’s IT infrastructure.

Wipro is a leading global information technology, consulting and business process services company

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