Monday , 29 November 2021
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Wipro surges on inking pact with Telefonica

Wipro surges on inking pact with Telefonica

Wipro is currently trading at Rs. 645.75, up by 1.95 points or 0.30% from its previous closing of Rs. 643.80 on the BSE.

The scrip opened at Rs. 642.80 and has touched a high and low of Rs. 648.20 and Rs. 626.25 respectively. So far 86096 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 739.80 on 14-Oct-2021 and a 52 week low of Rs. 346.00 on 23-Nov-2020.

Last one week high and low of the scrip stood at Rs. 668.00 and Rs. 626.25 respectively. The current market cap of the company is Rs. 353339.62 crore.

The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 11.74% and 12.60% respectively.

Wipro has entered into agreement with Telefonica to initiate the transformational journey towards Network Operations by introducing Continuous Integration, Continuous Deployment and Continuous Testing (CI/CD/CT) in Telefonica’s German and Brazilian markets, with the perspective of expansion to Spain and UK.

Telefonica plans to leverage a common CI/CD/CT framework for all the markets which can be implemented locally to meet specific local integration needs, with the support of Wipro. This will ease collaboration among Telefonica OpCos allowing to share design, parametrization/configuration, test plans and results. The solution, developed by Wipro, will be built over opensource tools and open to evolution, allowing rapid adaptation to future technological changes. Common repository test tools will also be used, with the possibility of future integration with the CI/CD/CT pipeline.

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