Stocks

Wipro posts over 5-year intraday gain

BL Internet Desk Bengaluru | Updated on September 03, 2018 Published on September 03, 2018

More than 7 million shares changed hands in first 15 minutes of trade, 2.4 times the 30-day moving average.

Shares of software services exporter, Wipro Ltd, jumped as much as 8.6 per cent to Rs 327 rupees, in their biggest intraday percentage gain since July 2013. The stock was the top percentage gainer on the NSE index and Nifty IT index.

The company had said on Sunday that it has won a 10-year $1.5-billion deal from the Illinois-based Alight Solutions. The deal, which is Wipro's largest, will translate into a revenue of $1.5 -1.6 billion over a decade.

Wipro will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by using Wipro’s work in digital technologies, cognitive automation and data analytics.

More than 7 million shares changed hands in first 15 minutes of trade, 2.4 times the 30-day moving average.

(With inputs from Reuters)

Published on September 03, 2018
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