Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE

Wipro stock jumps: Shares of IT major Wipro soared as much as 5.31 per cent to hit an intraday peak of Rs 485.50 per share on Friday.

The share also emerged as the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The surge in stock came following the company’s announcement of securing a major contract from a leading US communication services provider. Valued at $500 million, the deal entails Wipro providing managed services for specific products and industry solutions over the course of five years.