Wipro's shares reached a 52-week high of Rs. 595 after winning a $100 million contract with Italy's Marelli. The contract will help Marelli move its data centres to the cloud, improving efficiency. Wipro's FullStride Cloud Services will manage this project, making Marelli more competitive.
Wipro also announced that it will issue one bonus share for every share held by its investors. The record date for this will be December 3, 2024.