Company Profile

WIPRO LTD.

NSE : WIPROBSE : 507685ISIN CODE : INE075A01022Industry : IT - SoftwareHouse : WIPRO
BSE657.75-13.5 (-2.01 % )
PREV CLOSE (Rs.) 671.25
OPEN PRICE (Rs.) 671.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 349718
TODAY'S LOW / HIGH (Rs.)655.00 671.70
52 WK LOW / HIGH (Rs.)331.2 739.8
NSE655.45 -15.65 (-2.33 % )
PREV CLOSE(Rs.) 671.10
OPEN PRICE (Rs.) 671.00
BID PRICE (QTY) 655.30 (88 )
OFFER PRICE (QTY) 655.40 (1 )
VOLUME 5084179
TODAY'S LOW / HIGH(Rs.) 655.00 671.60
52 WK LOW / HIGH (Rs.)331.15 739.85

Company News

Date Heading Details
28-Oct-2021 Wipro, HCL Technologies and Adani Enterprises to see some action today <p align="justify"><strong>Wipro</strong> is partnering with Micro Focus to launch the Legacy Migration and Modernisation Lab collaborating with Amazon Web Services (AWS). This lab, hosted at Wipro's AWS Launchpad in Parramatta, Australia, will allow companies in Australia and New Zealand (A/NZ) to experience hands-on demonstration of tools and accelerators that can help optimise mainframe application capabilities for the cloud.</p><p align="justify"><strong>HCL Technologies</strong>, (HCL) has launched HCL SMARTWiFi, a WiFi management platform targeted to Communication Service Providers (CSPs) delivering WiFi services. HCL SMARTWiFi is a cloud-native, containerized, highly scalable platform that allows for large scale WiFi access point deployments. The platform offers far lower total cost of ownership, compared with traditional offering and includes a selection of access points from several leading WiFi access point manufacturers.</p><p align="justify"><strong>Adani Enterprises</strong> is reportedly in talks with at least half a dozen sovereign and global pension funds and energy majors, such as the Abu Dhabi Investment Authority (ADIA), the Qatar Investment Authority (QIA), a BNP Paribas arm and TotalEnergies SE, to raise up to $2 billion in equity sales. The proposed fundraising is part of the Adani Group's broader plan to make Adani Enterprises a ‘sustainable' energy major while decarbonising transportation and industrial sectors and help achieve India's green objectives.</p><p align="justify"><strong>Maruti Suzuki India</strong> will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space.</p><p align="justify"><strong>Bharti Airtel</strong> is estimated to have garnered over Rs 5,200 crore from the first round of payment in its recently-concluded rights issue, as the telco's special committee approved allotment of 39.2 crore equity shares to eligible applicants. The applicants paid Rs 133.75 per share on application, with the balance sum to be paid in two more additional calls as may be decided by the board. Pursuant to the allotment, the paid-up equity share capital of the company has also increased.</p><p align="justify"><strong>Adani Ports and Special Economic Zone</strong> (APSEZ) has decided to exit its investment in Myanmar by June next year. In August this year, APSEZ had said its investment in a port in Myanmar was not in violation of any sanction guidelines issued by the Office of Foreign Assets Control (OFAC) of the US Department of Treasury.</p><p align="justify"><strong>Indian Overseas Bank</strong> has reported results for second quarter ended September 30, 2021. The bank has reported above 2- fold jump in its net profit at Rs 376.41 crore for the quarter under review as compared to Rs 148.14 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.01% at Rs 5375.56 crore for Q2FY22 as compared Rs 5430.58 crore for the corresponding quarter previous year. The bank's gross Non Performing Asset (NPA) for the July- September quarter of the current fiscal improved to 10.66%, as compared to 13.04% in the same quarter of the previous year. Besides, bank's net NPA stood at 2.77% in Q2FY22.<br></p>
27-Oct-2021 Wipro secures multi-year contract from Kerala State Co-op Bank <p align="justify">Wipro has secured a multi-year contract from Kerala State Co-op Bank (also known as Kerala Bank), a scheduled state co-operative bank in India, established by the Government of Kerala. Kerala Bank currently runs 15 different core banking environments with five different core banking solutions. As part of this multi-million-dollar strategic engagement, Wipro will implement a consolidated, common core banking system for the bank, provide over twenty allied solutions, aimed at streamlining technology adoption and enabling a superior customer experience. <br></p><p align="justify">Wipro will also set up a Data Centre, Disaster Recovery Centre, Near DR (Disaster Recovery) and command centre, implement the latest Reserve Bank of India cybersecurity frameworks, and provide facility management services for a period of five years. <br></p><p align="justify">Wipro is a leading global information technology, consulting and business process services company.<br></p>
22-Oct-2021 Wipro signs multi-year global strategic IT, digital deal with National Grid <p align="justify">Wipro has signed a multi-year global strategic IT and digital deal with London - headquartered National Grid, a leading multinational electric and gas utility provider to accelerate their digital innovation journey. As part of this engagement, Wipro through its Boundaryless Enterprise solutions will facilitate National Grid's continued digital transformation, integration of its managed services and consolidation of multiple data centers across UK and US to next generation hosting services.<br></p><p align="justify">These sustainable data centers will allow for enhanced program governance, as well as heightened consolidation and the migration of all server and application functions from traditional data centers. Wipro will also help with mainframe migration and transition to managed services, including the eventual implementation of a hybrid cloud solution for National Grid.<br></p><p align="justify">Wipro is a leading global information technology, consulting and business process services company.<br></p>
22-Oct-2021 TVS Motor Company, L&T and GAIL (India) to see some action today <p align="justify">In an effort to increase its presence in the electric mobility space, <strong>TVS Motor Company</strong> has decided to set up a new subsidiary for the electric vehicle segment. The board has approved the incorporation of a wholly-owned subsidiary to undertake its electric mobility business. TVS is also planning to come up with an investment of around Rs 1,000 crore in the EV space. </p><p align="justify"><strong>Larsen &amp; Toubro</strong> (L&amp;T) is planning to invest up to Rs 5,000 crore to implement and adopt green energy into its manufacturing and construction sites to achieve carbon and water neutrality targets by 2035-2040.</p><p align="justify"><strong>GAIL (India)</strong> will build India's largest green hydrogen-making plant as it looks to supplement ?its natural gas business with carbon-free fuel. The company has floated a global tender to procure an electrolyser. The company has finalised 2-3 sites for the unit including one at Vijaipur in Madhya Pradesh. The plant planned is for 10MW capacity, the largest announced so far in the country.</p><p align="justify"><strong>NTPC</strong> has issued an 'invitation for bids' (IFB) for procuring 2 Million Tonne (MT) of imported coal. The move comes in wake of ongoing coal shortage in the country with the average coal stock level at power units being 4 days. </p><p align="justify"><strong>Wipro</strong> is all set to launch a Technology Business Management (TBM) practice as part of its strategic relationship with Apptio, a leading provider of technology business management (TBM) solutions that help organizations analyze, optimize, and plan technology spend. TBM provides technology leaders with valuable insights, data and standards to communicate the cost, quality and value of technology investments to business partners. It is an essential component of any comprehensive business strategy and allows IT to transform into a services organization. IT as a Services Organization (ITaaSO) is a new operating model driven by an enterprise's specific use of infrastructure or technologies and focused on delivering value in a cost-effective manner.</p><p align="justify"><strong>Vinati Organics</strong> has subscribed to the additional 30,60,000 fully paid-up equity shares of face value of Rs 10 each at par amounting to Rs 3.06 crore&nbsp; by way of subscription towards the rights issue of Veeral Organics, the wholly owned subsidiary of the Company, rank pari passu to its existing equity shares.</p><p align="justify"><strong>IDBI Bank</strong> has reported results for second quarter ended September 30, 2021. The bank has reported 74.82% rise in its net profit at Rs 567.12 crore for the quarter under review as compared to net profit of Rs 324.40 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.21% at Rs 5000.64 crore for Q2FY22 as compared Rs 5569.35 crore for the corresponding quarter previous year.<br></p>
22-Oct-2021 Wipro gains on signing multi-year global strategic IT, digital deal with National Grid <p align="justify">Wipro is currently trading at Rs. 699.20, up by 3.50 points or 0.50% from its previous closing of Rs. 695.70 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 700.40 and has touched a high and low of Rs. 705.55 and Rs. 694.00 respectively. So far 35396 shares were traded on the counter.<br></p><p align="justify">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. 331.15 on 27-Oct-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 729.90 and Rs. 681.85 respectively. The current market cap of the company is Rs. 381301.29 crore.<br></p><p align="justify">The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 11.74% and 12.60% respectively.<br></p><p align="justify">Wipro has signed a multi-year global strategic IT and digital deal with London - headquartered National Grid, a leading multinational electric and gas utility provider to accelerate their digital innovation journey. As part of this engagement, Wipro through its Boundaryless Enterprise solutions will facilitate National Grid's continued digital transformation, integration of its managed services and consolidation of multiple data centers across UK and US to next generation hosting services.<br></p><p align="justify">These sustainable data centers will allow for enhanced program governance, as well as heightened consolidation and the migration of all server and application functions from traditional data centers. Wipro will also help with mainframe migration and transition to managed services, including the eventual implementation of a hybrid cloud solution for National Grid.<br></p><p align="justify">Wipro is a leading global information technology, consulting and business process services company.<br></p>
21-Oct-2021 Wipro to launch TBM practice as part of strategic relationship with Apptio <p align="justify">Wipro is all set to launch a Technology Business Management (TBM) practice as part of its strategic relationship with Apptio, a leading provider of technology business management (TBM) solutions that help organizations analyze, optimize, and plan technology spend. TBM provides technology leaders with valuable insights, data and standards to communicate the cost, quality and value of technology investments to business partners. It is an essential component of any comprehensive business strategy and allows IT to transform into a services organization. IT as a Services Organization (ITaaSO) is a new operating model driven by an enterprise's specific use of infrastructure or technologies and focused on delivering value in a cost-effective manner.<br></p><p align="justify">The company will collaborate with Apptio to guide clients' digital transformation through three Apptio solutions: ApptioOne, Cloudability, and Targetprocess SaaS. This suite will provide companies with actionable insights about their technology investments to drive business decisions and innovation across their organization.<br></p><p align="justify">Wipro is a leading global information technology, consulting and business process services company.<br></p>
21-Oct-2021 Announcement under Regulation 30 (LODR)-Press Release / Media Release Wipro partners with National Grid to drive Data Center consolidation and implement next generation hybrid cloud architecture
18-Oct-2021 Clarification On Financial Results For Quarter And Half-Year Ended September 30, 2021 Please refer to the financial results of the Company ('Wipro Limited Standalone') for the quarter and half-year ended September 30, 2021 submitted vide our letter dated October 13, 2021. We noticed that there was a typographical error in Note 6 for the previous year ended March 31, 2021 relating to the balance sheet items - Other financial liabilities, Contract liabilities, Provisions, Current tax liabilities (net), Other current liabilities, Total current liabilities, Total liabilities and Total equity and liabilities. The table with figures as filed on October 13, 2021 along with corresponding corrected figures is enclosed herewith as Annexure-I. We confirm that there is no change to the financial numbers reported for the quarter and half-year ended September 30, 2021. We request you to take this submission on record.
14-Oct-2021 Wipro zooms on reports 19% rise in Q2 consolidated net profit <p align="justify">Wipro is currently trading at Rs. 727.00, up by 54.45 points or 8.10% from its previous closing of Rs. 672.55 on the BSE.</p><p align="justify">The scrip opened at Rs. 698.00 and has touched a high and low of Rs. 730.00 and Rs. 695.00 respectively. So far 962555 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 730.70 on 14-Oct-2021 and a 52 week low of Rs. 331.15 on 27-Oct-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 730.70 and Rs. 635.00 respectively. The current market cap of the company is Rs. 391577.13 crore.</p><p align="justify">The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 15.52% and 8.84% respectively.</p><p align="justify">Wipro has reported 6.39% rise in its net profit of Rs 2387.40 crore for the quarter ended September 30, 2021 as compared to net profit of Rs 2244&nbsp; crore for the same quarter in the previous year. Total income of the company increased by 18.44% at Rs 15249.20 crore for Q2FY22 as compared Rs 12875 crore for the corresponding quarter previous year.</p><p align="justify">On the consolidated basis, the company has reported 18.56% rise in its net profit attributable to equity holders of Rs 2930.70 crore for the quarter ended September 30, 2021 as against net profit of Rs 2465.70 crore for the same quarter in the previous year. Total income of the company increased by 28.89% at Rs 20173.60 crore for Q2FY22 as compared Rs 15651.40 crore for the corresponding quarter previous year.<br></p>
13-Oct-2021 Wipro reports 19% rise in Q2 consolidated net profit <p align="justify">Wipro has reported results for second quarter ended September 30, 2021.<br></p><p align="justify">The company has reported 6.39% rise in its net profit of Rs 2387.40 crore for the quarter under review as compared to net profit of Rs 2244.00 crore for the same quarter in the previous year. Total income of the company increased by 18.44% at Rs 15249.20 crore for Q2FY22 as compared Rs 12875.00 crore for the corresponding quarter previous year.<br></p><p align="justify">On the consolidated basis, the company has reported 18.56% rise in its net profit attributable to Equity holders of Rs 2930.70 crore for the quarter under review as against net profit of Rs 2465.70 crore for the same quarter in the previous year. Total income of the company increased by 28.89% at Rs 20173.60 crore for Q2FY22 as compared Rs 15651.40 crore for the corresponding quarter previous year.<br></p>