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US-listed shares of Wipro rose sharply on Thursday, with its American Depositary Receipts (ADRs) jumping 18.54% to $2.43 on the NYSE.
Wipro's ADRs surged 18.54% to $2.43 on the NYSE after a major announcement.
KEY POINTS
Wipro and ServiceNow announced an expanded partnership to deploy agentic AI workflows enterprise-wide.
Wipro will integrate its Intelligence AI suite with ServiceNow's AI Platform for streamlined enterprise automation.
Infosys' ADR also rose 2.5% in apparent response to Wipro's rally and announcement.
US-listed shares of Wipro rose sharply on Thursday, with its American Depositary Receipts (ADRs) jumping 18.54% to $2.43 on the NYSE. The stock climbed as much as 21% during the session to an intraday high of $2.49. ADRs are tools for foreign companies or organisations to trade on US stock markets, just like regular shares of US companies. In theory, an ADR is similar to a special certificate issued by a US bank.
The rally followed Wipro's announcement of an expanded partnership with ServiceNow focused on deploying agentic AI workflows across enterprise functions including IT, human resources, procurement and cybersecurity.
As part of the collaboration, Wipro will integrate its Wipro Intelligence AI suite with the ServiceNow AI Platform to help enterprises automate and streamline workflows across business systems.
Infosys' ADR also rose 2.5% to $12.70 on NYSE, following Wipro's rally.