Wipro collaborates with Aramco and SAP to launch Wipro STO360
Wipro made an announcement.
· Business Standard Mkts
Wipro announced the launch of Wipro STO360, a new solution developed in collaboration with Aramco and SAP to help asset-intensive organizations to modernize and efficiently drive Shutdown, Turnaround and Outage (STO) management.
The analysis
Against that, the stock is -0.3% on the day at ₹159.14, and has returned -7.2% over three months. It sits 42% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Wipro is running 8.3 points behind its peers.
For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
In this story
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