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Wipro Ltd is down for a fifth straight session today. The stock is quoting at Rs 302.75, down 1.74% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 22836.95. The Sensex is at 75636.84, down 0.4%.Wipro Ltd has added around 0.83% in last one month.Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has eased around 3.08% in last one month and is currently quoting at 41311.15, down 1.01% on the day. The volume in the stock stood at 45.26 lakh shares today, compared to the daily average of 156.18 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 304.4, down 1.52% on the day. Wipro Ltd jumped 12.97% in last one year as compared to a 3.23% rally in NIFTY and a 6.6% spurt in the Nifty IT index.
The PE of the stock is 31.18 based on TTM earnings ending December 24.
Prior to joining Wipro, Amit served as Managing Director for Accenture Consulting, where his roles included the Americas Market and Industry X Consulting over the last 17 years.
Wipro Ltd gained for a fifth straight session today. The stock is quoting at Rs 318.55, up 0.19% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 23583.2. The Sensex is at 77886.15, down 0.22%. Wipro Ltd has risen around 7.06% in last one month.
Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has risen around 1.64% in last one month and is currently quoting at 43020.95, down 0.24% on the day. The volume in the stock stood at 43.37 lakh shares today, compared to the daily average of 151.12 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 318.35, down 0.09% on the day. Wipro Ltd is up 30.32% in last one year as compared to a 8.59% spurt in NIFTY and a 13.39% spurt in the Nifty IT index.
The PE of the stock is 32.18 based on TTM earnings ending December 24.
As part of the five-year contract, Wipro FullStride Cloud will deliver a customized cloud-based solution that will provide Etihad Airways real-time insights into their resource utilization and improve operational agility and scalability for their global operations.
Wipro will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework - from automation of data centers to conversational support to end-users. GenAI will also provide intelligent device management and insights that will optimize performance and resolve potential disruptions proactively.
Additionally, Etihad Airways will gain access to Wipro's Innovation Lab in the UAE, which will play a pivotal role in enhancing their technology to meet the evolving demands of their global operations.
Frank Meyer, Chief Digital Officer, Etihad Airways, said, 'We look forward to working with Wipro to prepare for the AI era, with an emphasis on innovation, sustainability, and cost optimization. Together, we aim to elevate our customers' experiences through advanced automation, intelligent operations, and enhanced observability.”
Vinay Firake, CEO – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited, said, “We are excited to embark on this journey with Etihad Airways and enable them to adapt to the dynamic needs of the aviation industry. Through our proven expertise in digital transformation and AI-powered solutions, we will deliver seamless, efficient and innovative services to their customers.'
Meanwhile, the company’s board previously informed that the transaction for Applied Value Technologies Pte was expected to be completed by January 31, 2025. However, the completion date has now been extended to 31st March 2025.
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.
The IT major's consolidated net profit grew 4.51% to Rs 3,353.8 crore in Q3 FY25 as against Rs 3,208.8 crore posted in Q2 FY25. However, revenue from operations increased marginally to Rs 22,318.8 crore in the December 2024 quarter as against Rs 22,301.6 crore reported in the preceding quarter same year.
The counter shed 0.96% to settle at Rs 309.30 on Thursday, 30 January 2025.
Wipro today announced that it has been selected by Etihad Airways, the national airline of the United Arab Emirates, to lead its comprehensive technology modernization. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management.