Wipro nudges higher after winning contract

Wipro rose 0.63% to Rs 285.70 at 9:25 IST on BSE after the company announced that it has been awarded a seven year contract by innogy SE, an European energy company, to manage their data center and cloud services.

The announcement was made before market hours today, 15 September 2017.

Meanwhile, the S&P BSE Sensex was down 9.68 points, or 0.03% to 32,232.25.

On the BSE, 22,000 shares were traded in the counter so far, compared with average daily volumes of 4.29 lakh shares in the past two weeks. The stock had hit a high of Rs 287 and a low of Rs 284.40 so far during the day. The stock had hit a 52-week high of Rs 303.55 on 11 September 2017. The stock had hit a 52-week low of Rs 205 on 9 November 2016.

Separately, Wipro announced that it has joined The Linux Foundation as a Silver Member. The Linux Foundation is a nonprofit organization enabling mass innovation through open source technologies. Wipro has identified open source technologies as one of the strategic client themes to drive transformation across the enterprise. The announcement was made after market hours yesterday, 14 September 2017.

Wipro's consolidated net profit fell 8.13% to Rs 2082.60 crore on 2.58% fall in net sales to Rs 13626.10 crore in Q1 June 2017 over Q4 March 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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