Wipro hits fresh 52-week high on 10-year contract win from Carillion
Wipro has rallied nearly 9% so far in the year 2014, as compared to 6 per cent gain in the BSE IT index and 1.3% fall seen in the BSE Sensex.
By ET Online | Updated:
NEW DELHI: Wipro Ltd rallied as much as 2.5 per cent in trade to hit its fresh 52-week high of Rs 610.50 on Wednesday, after the IT major said that it has been selected by UK-based Carillion as its sole preferred global strategic partner to provide integrated IT and BPO services.
Wipro has rallied over 9 per cent so far in the year 2014, as compared to 7 per cent gain in the BSE IT index and nearly 1 per cent fall seen in the BSE Sensex.
Wipro finally closed 1.3 per cent higher at Rs 603.35. It hit a low of Rs 594.10 and a high of Rs 610.50 in trade today on the Bombay Stock Exchange.
Carillion operates across multiple industry sectors in the UK, Middle East and Canada, providing a range of solutions which include project finance, design, construction and support services, Wipro said in a release.
As part of the engagement, Wipro will deliver operational and cost efficiency to Carillion through its outsourcing and transformation services, it said, adding that the engagement covers Carillion's IT infrastructure and applications, HR (Human Resources) and F&A (Finance and Accounting) BPO services.
The company said as a key customer of Wipro's Engineering and Construction industry vertical, Wipro will also partner with Carillion for new joint business and technology transformation initiatives around the world, PTI said in a report.
Wipro has rallied over 9 per cent so far in the year 2014, as compared to 7 per cent gain in the BSE IT index and nearly 1 per cent fall seen in the BSE Sensex.
Wipro finally closed 1.3 per cent higher at Rs 603.35. It hit a low of Rs 594.10 and a high of Rs 610.50 in trade today on the Bombay Stock Exchange.
Carillion operates across multiple industry sectors in the UK, Middle East and Canada, providing a range of solutions which include project finance, design, construction and support services, Wipro said in a release.
As part of the engagement, Wipro will deliver operational and cost efficiency to Carillion through its outsourcing and transformation services, it said, adding that the engagement covers Carillion's IT infrastructure and applications, HR (Human Resources) and F&A (Finance and Accounting) BPO services.
The company said as a key customer of Wipro's Engineering and Construction industry vertical, Wipro will also partner with Carillion for new joint business and technology transformation initiatives around the world, PTI said in a report.
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