Wipro gains after partnering with ASG Tech to offer EDI solution

Wipro rose 0.69% to Rs 451.15 at 11:30 IST on BSE after the company announced that it partnered with ASG Technologies to offer enterprise data intelligence solution to enable financial services compliance.

The announcement was made after market hours yesterday, 15 November 2016.

Meanwhile, the BSE Sensex was up 240.14 points, or 0.91%, to 26,544.77.

On BSE, so far 30,393 shares were traded in the counter, compared with average daily volume of 2.15 lakh shares in the past one quarter. The stock hit a high of Rs 454 and a low of Rs 447 so far during the day. The stock hit a 52-week high of Rs 606.75 on 20 April 2016. The stock hit a 52-week low of Rs 410 on 9 November 2016. The stock underperformed the market over the past one month till 15 November 2016, dropping 5.57% compared with the Sensex's 4.95% fall. The scrip also underperformed the market in past one quarter, declining 17.6% as against the Sensex's 6.56% decline.

The large-cap company has equity capital of Rs 486.16 crore. Face value per share is Rs 2.

Wipro and ASG Technologies, a global provider of information access, management and control solutions, announced an expanded partnership that integrates the offerings of Wipro's Data Management Centre of Excellence (CoE) with ASG's Enterprise Data Intelligence solution to improve compliance for the global financial services companies.

Wipro signed a global value added reseller agreement with ASG. With this agreement, Wipro will have a non-exclusive license to sell the ASG Enterprise Data Intelligence solution worldwide to its customers.

Wipro's consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Powered by Capital Market - Live News