Wipro soars as its arm ties up with Hindustan Aeronautics

Wipro is currently trading at Rs. 250.75, up by 2.50 points or 1.01% from its previous closing of Rs. 248.25 on the BSE.

The scrip opened at Rs. 249.00 and has touched a high and low of Rs. 252.70 and Rs. 247.50 respectively. So far 136042 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 301.55 on 14-Jun-2019 and a 52 week low of Rs. 232.35 on 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 252.70 and Rs. 245.30 respectively. The current market cap of the company is Rs. 143111.21 crore.

The promoters holding in the company stood at 74.05%, while Institutions and Non-Institutions held 15.32% and 8.19% respectively.

Wipro 3D, the additive manufacturing arm of Wipro, has tied up with Hindustan Aeronautics, to design, develop, test, manufacture, and repair of aerospace components using metal additive technology.

The initiative will focus on development, prove out and production of aerospace applications including MRO (maintenance, repair, overhaul) using metal additive manufacturing. Prove-outs and certification of components developed using metal 3D printing is also a key element of this cooperation.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful. 

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