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).


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.