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07-Sep2016

Wipro rises on bagging three-year strategic IT contract from Norway based 'NSB Group'

Wipro is currently trading at Rs. 483.85, up by 1.05 points or 0.22% from its previous closing of Rs. 482.80 on the BSE.

The scrip opened at Rs. 486.80 and has touched a high and low of Rs. 488.80 and Rs. 484.55 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.00 on 01-Oct-2015 and a 52 week low of Rs. 476.00 on 29-Aug-2016.

Last one week high and low of the scrip stood at Rs. 492.50 and Rs. 479.75 respectively. The current market cap of the company is Rs. 1,17,893.00 crore.

The promoters holding in the company stood at 55.51%, while Institutions and Non-Institutions held 11.22% and 31.30% respectively.

Wipro has won an IT contract from NSB Group, one of Norway's largest transportation groups. Headquartered in Oslo, NSB has extensive passenger transportation operations by way of the rail and bus, freight by rail, property management and development and train maintenance segments. As part of the three-year agreement, the software major will implement its Boundaryless Datacenter (BLDC) and LiVE Workspace solutions and utilize its next-generation delivery framework ServiceNXT to deliver services which will help NSB variablise their IT operations.

The Wipro-enabled back-bone of IT infrastructure services will enable NSB to achieve greater flexibility, scalability, cost efficiency and offer an enhanced end-user experience. It will also help the company become more future-ready and competitive, in keeping with the spirit of the reforms.

Wipro is engaged in providing information technology solutions. It offers solutions for systems integration, information systems outsourcing, package implementation, system integration, network integration, software solutions and information technology services, software application development and maintenance and research and development services to corporations globally.



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