On the Monday’s trading session, one of India’s leading Information Technology companies, almost surged by 0.75 percent after collaborating with SMIA.AI and a member of the NVIDIA cloud partner to develop an AI powered assistant for Tourism Authority of Thailand.
Price action
With the market capitalization of 3,11,048 Crores on Monday, the shares of Wipro Ltd jumped up to 0.75 percent making a high of Rs 299.50 compared to its previous closing price of Rs.297.35.
What happened
Wipro Ltd surged on Monday following collaborating with SMIA.AI and a member of the NVIDIA cloud partner to develop an AI powered assistant for the Tourism Authority of Thailand, this collaboration will utilize infrastructure, data and networks within the country and advance Thailand’s AI objectives.
The AI-powered virtual assistant ‘Sukjai’, is designed to enhance the travel experience for both domestic and international tourists by providing personalized, real-time information, which is built using the NVIDIA AI Enterprise software platform, SIAM.AI and Wipro’s Enterprise Generative AI (WeGA) Studio.
Sukjai aims to deliver tailored experiences that meet the needs of travelers and provide crucial details about emergency services, safety alerts and security updates and also helps the Tourism Authority to manage and assist the growing number of tourists effectively.
About the company
Wipro Limited is a global technology company that specializes in IT services, consulting, and business process solutions headquartered in Bangalore. It has grown to become a key player in the tech industry, serving clients across multiple sectors including healthcare, finance, energy and manufacturing.
The company provides a wide range of services such as cloud computing, data analytics, digital transformation and cybersecurity and it helps businesses adapt to the ever evolving digital landscape and also combines cutting-edge technologies with industry expertise to deliver customized solutions that drive growth and efficiency and it continues to empower businesses worldwide to embrace digital change and navigate complex challenges.
Financials
The company’s revenue rose by 0.03 percent from Rs 23,255 crore in Q2FY24 to Rs 23,263 crore in Q2FY25. Meanwhile, Net profit increased from Rs 2,646.3 crores to Rs 3,208.8 crore during the same period.
Key Financial ratios
Wipro Limited has an impressive Return on Equity (RoE) of 14.43 percent and a Return on Capital Employed (RoCE) of 16.03 percent and Furthermore, the company’s debt-to-equity ratio is 0.24.
Stock Performance
The stock has provided impressive returns of about 41.81 percent over the year, along with a decent 4.87 percent gain in the past month of 2024, it has continued to perform strongly.
Written By Sridhar J
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