FUTURE DELEVERY : BUY WIPRO

FUTURE

July 23, 2021
By Dipankar Sardar
222 Views 262 comments

Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. The Fortune India 500 ranks it the 29th largest Indian company by total revenue.^[4] It is also ranked the 9th largest employer in India with nearly 195,000 employees . The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as “Western India Products”, later abbreviated to “Wipro”. It was initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel. In 1966, after Mohamed Premji’s death, his son Azim Premji took over Wipro as its chairman at the age of 21.During the 1970s and 1980s, the company shifted its focus to new opportunities in the IT and computing industry, which was at a nascent stage in India at the time. On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited, to Wipro Products Limited.^[9] In 1982, the name was changed again, from Wipro Products Limited to Wipro Limited.^[13] Wipro continued to expand in the consumer products domain with the launch of “Ralak” a Tulsi based family soap and “Wipro Jasmine”, a toilet soap.In 1988, Wipro added mobile hydraulic cylinders and heavy-duty industrial cylinders to its line of products.^[9] A joint venture company with the United States’ General Electric in the name of Wipro GE Medical Systems Pvt. Ltd. was set up in 1989 for the manufacture, sales, and service of diagnostic and imaging products.^[14] In 1991, tipping systems and Eaton hydraulic products were launched. The Fluid Power division, in 1992, developed the capability to offer standard hydraulic cylinders for construction equipment and truck tipping systems. The “Santoor” talcum powder and “Wipro Baby Soft” range of baby toiletries were launched in 1990.^[14]In 1995, set up an overseas design center, Odyssey 21, for the projects of overseas clients. Wipro Infotech and Wipro Systems were amalgamated with Wipro in April that year.^[14] Five of Wipro’s manufacturing and development facilities secured the ISO 9001 certification during 1994–95.

Script Name –WIPRO

Buy Price – 593

Profit Target- 596/600

Stop Loss-590

Call Duration-DELEVERY

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