Wipro - Business Outrank

Wipro stock price increased by 2% on Thursday because the company obtained a $650-million (£500 million) contract with ReAssure UK Services Limited which operates as a subsidiary of Phoenix Group. Wipro gains a stronger foothold in the UK through this 10-year agreement which covers life and pension business administration. The BSE recorded the stock price at ₹273.60 while the market capitalization reached ₹2.83 lakh crore. During the last year Wipro's stock value increased by 14.78% while it grew 50% during the two-year period. The stock price exists above the 5-day and 10-day moving averages but shows a lower position compared to the 20-day and all longer-term moving averages. The stock price reached its highest point at ₹324.55 during January 23, 2025 and its lowest at ₹208.40 on June 4, 2024. The agreement requires Wipro to implement AI and automation and cloud and digital transformation solutions for the modernization of Phoenix Group's ALPHA policy administration platform. The IT giant plans to establish new technology and service hubs as part of its UK operation expansion. Wipro announced a 24.48% increase in net profit from Q3 FY25 along with revenue growth of 0.51% to ₹22,318.8 crore.

What's Hot

Senate Approves Massive GOP Tax Breaks and Spending Cuts Plan

HDFC, Yes Bank and Others Cut FD Rates Ahead of RBI Meeting

TikTok Ban Delayed Again as Trump Extends Sale Deadline

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Wipro

Wipro Shares Surge on $650-Million Deal with UK’s Phoenix Group

Senate Approves Massive GOP Tax Breaks and Spending Cuts Plan

HDFC, Yes Bank and Others Cut FD Rates Ahead of RBI Meeting

TikTok Ban Delayed Again as Trump Extends Sale Deadline

UCO Bank Loses Pension Case in Supreme Court Over Dismissed Employee

Our Picks

Senate Approves Massive GOP Tax Breaks and Spending Cuts Plan

HDFC, Yes Bank and Others Cut FD Rates Ahead of RBI Meeting

TikTok Ban Delayed Again as Trump Extends Sale Deadline

Most Popular

Senate Approves Massive GOP Tax Breaks and Spending Cuts Plan

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Wipro