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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Wipro Limited    WIPRO   INE075A01022

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Wipro : partners with McLaren Technology Group

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09/14/2017 | 09:37am CEST

Wipro announced on Thursday that it has become the official technology partner to McLaren Technology Group to help drive digitalization across its businesses. Wipro announced on Thursday that it has become the official technology partner to McLaren Technology Group to help drive digitalization across its businesses.

Wipro will assist McLaren with achieving it defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability. As part of this multi-year partnership, Wipro will leverage the Wipro HOLMES artificial intelligence platform and its next-generation managed services framework to offer flexibility and boost the productivity of McLaren’s fast growing automotive and high-tech businesses.

On Wednesday, the company also informed that it has joined Hyperledger to design and develop open source-based blockchain solutions for enterprise grade blockchain deployments.

Meanwhile, the stock was trading down by 3.51% at Rs 285 per share on BSE at 0918 hours. It opened at Rs 281.60 per share.

Shares of Wipro are expected to witness ex-date for its buyback offer on Thursday. Earlier, the company has approved the proposal to buyback up to 34,37,50,000 fully paid-up equity shares of the company of face value of Rs 2 each at a price of Rs 320 per equity share on a proportionate basis through the tender offer process.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 560 B
EBIT 2018 91 791 M
Net income 2018 84 841 M
Finance 2018 201 B
Yield 2018 2,01%
P/E ratio 2018 16,46
P/E ratio 2019 15,20
EV / Sales 2018 2,19x
EV / Sales 2019 2,03x
Capitalization 1 425 B
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Mean consensus UNDERPERFORM
Number of Analysts 45
Average target price 252  INR
Spread / Average Target -14%
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Managers
NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
Govil Saurabh Co-President & Chief Human Resources Officer
B. M. Bhanumurthy Co-President & Chief Operating Officer
Azim Hasham Premji Executive Chairman & Managing Director
Jatin Pravinchandra Dalal Chief Financial Officer & Senior Vice President
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