Wipro shares surge 3% on extended partnership with Hanesbrands

Shares of Wipro surged over 3% in early trade, making it the top gainer on Nifty50, following the announcement of an extended partnership with US clothing brand Hanesbrands and a new collaboration with financial services company GBST.

On June 14, Wipro announced that it had been selected by Hanesbrands Inc., a global leader in iconic apparel brands, to enhance its digital transformation, business growth, and long-term profitability. Under this new deal, Wipro will use its expertise in application management, cybersecurity, intelligent automation, and artificial intelligence (AI).

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This partnership includes defining Hanesbrands’ cloud roadmap and integrating business functions to optimize operations. Additionally, Wipro will implement next-gen tools and services to improve product lifecycle processes and deliver faster time-to-market.

As of 10:45 AM, Wipro shares were trading 2.44% higher at ₹489.15 on the NSE.