Shares of Bengaluru IT company Wipro Ltd have seen a jump of more than 5 percent today after receiving orders from America. The company has become the highest gainer in Nifty 50. Wipro shares on BSE today at Rs. After opening at 470.95, the company’s stock rose 5.33 percent to Rs. reached the level of 485. However, despite this, Wipro’s shares were trading at Rs. Still far from the 52-week high of 546.10.
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Got 5 years work from America
In an information provided to the exchange on Thursday, Wipro has said that a leading communication service provider in America has given the job. The deal is said to be worth $500 million. The time limit of which is 5 years. However, Wipro has not made the company name public yet.
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9 experts say buy it
According to a CNBC18 report, brokerage firm Morgan Stanley has said that the deal should be taken positively. This deal has seen growth in the company’s revenue. The report said that 23 out of 45 experts have advised selling the stock now. While 13 people have asked to bet on Wipro.
21% increase in 1 year
Morgan Stanley has set a target of Rs 421. Which is 12 percent less than the current price. The company’s share price has seen an increase of more than 21 percent in the last one year. Let us tell you that Azim Hasan Premji has more than 20.70 percent stake in the company.