Wipro nudges higher after securing multi-year contract

Wipro advanced 0.73% to Rs 317.40 at 9:37 IST on BSE after the company said it has secured a multi-year contract from a company headquartered in Denmark.

The announcement was made after market hours yesterday, 23 January 2018.

Meanwhile, the S&P BSE Sensex was up 91.68 points or 0.25% at 36,231. 66.

On the BSE, 32,000 shares were traded on the counter so far as against average daily volumes of 1.68 lakh shares in the past one quarter. The stock had hit a high of Rs 333 and a low of Rs 315.50 so far during the day. The stock had hit a 52-week high of Rs 334.75 on 16 January 2018 and a 52-week low of Rs 222.78 on 31 January 2017.

The large-cap company has equity capital of Rs 904.71 crore. Face value per share is Rs 2.

Wipro announced that it has won a multi-year business process services engagement with Nilfisk, a leading global supplier of professional cleaning equipment and solutions, headquartered in Denmark. As part of this contract, which was signed in June 2017, Wipro will leverage its global delivery network to implement business process services for Nilfisk in the areas of finance and accounting, marketing services as well as select IT services in 45+ client locations, across the world.

Wipro's consolidated net profit fell 11.85% to Rs 1930.10 crore on 1.82% growth in net sales to Rs 13669 crore in Q3 December 2017 over Q2 September 2017.

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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