Shares of Wipro Limited (NYSE:WIT) traded at a new 52-week high today of $8.47. Approximately 609,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
Over the past year, Wipro Limited has traded in a range of $3.86 to $8.47 and is now at $8.39, 117% above that low.
Wipro Limited (NYSE:WIT) is currently priced 10.8% above its average consensus analyst price target of $7.49.
Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.
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