Opus Capital Markets Consultants to be Wipro Opus Risk Solutions now
Wipro Limited announced on Tuesday after the market hours that following the transition to a new operating model, Opus Capital Markets Consultants, LLC, a Wipro company, has been fully integrated with Wipro and now it will be known as Wipro Opus Risk Solutions LLC.
The newly-formed company will provide risk management, capital markets, and compliance services. As a matter of fact, Wipro had purchased Opus in 2014.
Reacting to this, the company’s stock today increased by 1.87 per cent and made an intraday high of Rs 517.75 per share. The stock of Wipro has increased by 180 per cent from its decline in May 2020.
Wipro Opus Risk Solutions is a risk management and quality control service provider for the mortgage and consumer lending industry. Services also include residential and commercial due diligence, valuation & advisory solutions.
According to BSE data, the stock traded at a P/E multiple of 27.68 and a price-to-book ratio of 6.16. The stock has a 52-week high and a 52-week low of Rs 528.35 and Rs 128.20, respectively.
At 11.29 am today, the share of the company was trading at Rs 512.70 per share on BSE, up by 0.88 per cent.