Wipro inches up after securing contract

Wipro was up 0.45% to Rs 541.05 at 11:40 IST on BSE after the company said it has secured an IT contract from Greater Toronto Airports Authority.

The announcement was made after market hours yesterday, 20 July 2016.

Meanwhile, the S&P BSE Sensex was down 22.40 points or 0.08% at 27,893.49.

On BSE, so far 13.78 lakh shares were traded in the counter as against average daily volume of 2.36 lakh shares in the past one quarter. The stock rose as much as 1.18% at the day's high of Rs 545 so far during the day. The stock rose 0.07% at the day's low of Rs 539 so far during the day. The stock had hit a 52-week high of Rs 613 on 1 October 2015. The stock had hit a 52-week low of Rs 508.90 on 29 February 2016. The stock had underperformed the market over the past one month till 20 July 2016, sliding 3.29% compared with Sensex's 3.9% rise. The scrip had also underperformed the market in past one quarter, declining 10.43% as against Sensex's 8.02% rise.

The large-cap company has equity capital of Rs 494.15 crore. Face value per share is Rs 2.

Wipro announced that it has entered into a seven-year strategic IT and business transformation partnership with Greater Toronto Airports Authority (GTAA).

GTAA operates Toronto Pearson International Airport, the largest airport in Canada and the second largest in North America in terms of international traffic.

On consolidated basis, Wipro's net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.

Wipro is one of the leading global information technology, consulting and outsourcing companies.

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