Wipro is a multinational corporation that provides information technology, consultant, and business process services. It is one of the leading Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.
During the 1970s and 1980s, the company shifted its focus to new opportunities in the IT and computing industry, which was at a nascent stage in India at the time. On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited to Wipro Products Limited. In 1982, the name was changed again, from Wipro Products Limited to Wipro Limited. In 1999, Wipro was listed on the New York Stock Exchange. In 2004, Wipro became the second Indian IT company to earn US$1 billion in annual revenue.
In 2012, Wipro demerged its non-IT businesses into a separate company called Wipro Enterprises. Prior to this demerger, these businesses, mainly in consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics, contributed about 10% of Wipro's total revenues. In March 2023, Wipro opened its American international Headquarters at Tower Center in East Brunswick, Middlesex County, New Jersey.
Wipro Stock
On the last day, Wipro's stock opened at ₹383.05 and closed at ₹382.55. The highest price at which the stock traded during the day was ₹383.6, while the lowest price was ₹380.8. The market capitalization of Wipro stands at ₹209,131.37 crore. The 52-week high for the stock is ₹444.65, while the 52-week low is ₹351.85. The stock saw a volume of 112,728 shares on the BSE.