Wipro settles with 3 pc gain; m-cap jumps by Rs 4,587 cr

Shares of Wipro today settled for the day with gains of nearly three per cent after the company bagged a five-year deal from Greater Cincinnati Water Works.
Wipro's market capitalisation increased by Rs 4,587 crore following today's gain.
The IT major yesterday had said it bagged a five-year deal from US-based utility company, Greater Cincinnati Water Works.
Reacting to the news, shares of the company opened on a bullish note at Rs 635 and then jumped 3.61 per cent to intra-day high of Rs 656.25.
By the end of today's trading session, the scrip lost some ground and was quoted at Rs 651.15, up 2.92 per cent on the BSE.

Accordingly, the market capitalisation of the company increased by Rs 4,587.06 crore to Rs 1,60,941.91 crore today. The market capitalisation of the company yesterday stood at Rs 1,56,354.85 crore.

As GCWW's IT partner, Wipro will help transform the utility firm's CRM, billing and service bureau operations, Wipro said in a statement.
GCWW provides about 133 million gallons of water a day to over one million people across the states of Ohio and Kentucky in the US.
Wipro will design, build, host and deploy a Customer Information System (CIS) and maintain the solution for for a period of five years after the initial implementation under a pay-per-use pricing model.