Wipro gains as the firm's IT solution enables client's operations in Japan

Wipro rose 1.61% to Rs 483.40 at 10:11 IST on BSE after the company announced that its Digital TV Middleware solution has successfully enabled Hisense 4K TVs in Japan.

The announcement was made before market hours today, 5 January 2017.

Meanwhile, the S&P BSE Sensex was up 159.18 points or 0.6% at 26,792.31.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volume of 87,000 shares in the past two weeks. The stock had hit a high of Rs 483.90 and a low of Rs 476.10 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016. It had outperformed the market over the past one month till 4 January 2017, advancing 3.4% compared with the Sensex's 1.53% rise. The scrip had also outperformed the market in past one quarter, sliding 1.19% as against the Sensex's 6% fall.

 

The large-cap company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.

Wipro's consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

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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