Stock Cash Trading Tips | L&T Technology Services | Wipro surges on the BSE

L&T Technology Services concludes the 3rd season of TECHgium | Wipro surges on the BSE

L&T Technology Services concludes 3rd season of TECH gium

L&T Technology Services (LTTS) has recognized winners of the third edition of its national futuristic technology-based innovation competition TECHgium. Kickstarting in January, the event received record-surpassing 19,000 applications from over 270 reputed colleges & universities across India clocking a 200% increase in participants from its inception year 2016.

The winning teams are facilitated with awards worth over Rs 10 lakh with additional benefits such as continuation of work on the PoCs of interest as a paid project, pre-placement offer and recognition by reputed industry professionals.

LTTS is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

Wipro surges on the BSE

Wipro is currently trading at Rs. 297.55, up by 3.20 points or 1.09% from its previous closing of Rs. 294.35 on the BSE.

The scrip opened at Rs. 294.50 and has touched a high and low of Rs. 298.35 and Rs. 294.50 respectively. So far 124529 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 297.00 on 25-Feb-2019 and a 52 week low of Rs. 190.13 on 06-Jun-2018.

Last one week high and low of the scrip stood at Rs. 296.75 and Rs. 285.75 respectively. The current market cap of the company is Rs. 179136.12 crore.

The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 15.43% and 8.44% respectively.

Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro, has signed a definitive agreement to acquire Philippine-based personal care company Splash Corporation. This will be Wipro Consumer care’s 11th acquisition.

After the acquisition, Splash founder Dr Rolando B Hortaleza would remain as the consultant and the rest of the team would become part of Wipro Consumer Care. The acquisition would enable Wipro brands to grow in the Philippines market by leveraging Splash’s distribution strength across market segments.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

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