Wipro gains on the bourses

18 Dec 2012 Evaluate

Wipro is currently trading at Rs 373.55, up by 3.00 points or 0.81% from its previous closing of Rs 370.55 on the BSE.

The scrip opened at Rs 370.10 and has touched a high and low of Rs 376.00 and Rs 368.10 respectively. So far 33057 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 452.50 on 17-Feb-2012 and a 52 week low of Rs 325.60 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs 388.00 and Rs 367.00 respectively. The current market cap of the company is Rs 91121.73 crore.

The promoters holding in the company stood at 78.31% while Institutions and Non-Institutions held 10.04% and 9.93% respectively.

In a bid to secure approval for the demerger of non-information technology business into a separate company, Wipro, India’s third largest exporter of IT services will hold a meeting of the shareholders of the company on December 28, 2012. The company has convened this meeting to comply with the direction of the Karnataka High Court dated November 26, 2012, which is a statutory requirement.

The company would seek shareholders approval with or without modification for the scheme of arrangement between Wipro (Demerged Company), Azim Premji Custodial Services (Resulting Company) and Wipro Trademarks Holding (Trademark Company).

The promoter’s stake in the company, post the completion of this de-merger scheme, is expected to come down from 78.31% at present.

Wipro Share Price

571.40 14.20 (2.55%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 4245.75
Infosys 1902.95
HCL Tech. 1899.05
Wipro 571.40
Tech Mahindra 1747.70
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