Wipro inches up on new order win

Wipro rose 0.5% to Rs 579.50 at 10:55 IST on BSE after the company announced today, 5 September 2014 that it has won a contract from Philip Morris International Inc.

The announcement was made before market hours today, 5 September 2014.

Meanwhile, the BSE Sensex was down 12.64 points, or 0.05%, to 27,073.29

On BSE, so far 45,635 shares were traded in the counter, compared with an average volume of 1.37 lakh shares in the past one quarter.

The stock hit a high of Rs 584 and a low of Rs 578.35 so far during the day. The stock hit a 52-week high of Rs 610.50 on 26 February 2014. The stock hit a 52-week low of Rs 447 on 16 September 2013.

The stock had outperformed the market over the past one month till 3 September 2014, rising 7.75% compared with 6.51% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 16.8% as against Sensex's 9.18% rise.

The large-cap IT company has an equity capital of Rs 493.52 crore. Face value per share is Rs 2

As a part of five-year agreement, Wipro will provide a full suite of IT infrastructure Management services to Philip Morris International Inc. (PMI), the leading international tobacco company. The IT infrastructure services will support a host of functions at PMI including management and support of its servers, storage, backup and applications infrastructure.

On a consolidated basis, Wipro's net profit fell 5.53% to Rs 2103.20 crore on 3.55% fall in total income to Rs 11669.40 crore in Q1 June 2014 over Q4 March 2014.

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

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