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Wipro Digital Takes Over Australian Design Agency Syfte; Stock Trades Tad Below All Time Highs

Wipro Digital takes over Australian design agency Syfte; stock trades tad below all time highs

IT firm, Wipro Limited, said that, “it has taken over the strategic design consulting team at Syfte, an Australian design agency which uses human-centred design thinking to solve compelling client challenges. Syfte’s team of designers will be absorbed within Designit, Wipro’s strategic design arm, further strengthening its design and innovation capabilities, expanding its reach in Australia and Asia Pacific and enhancing the transformation services offered by Wipro Digital,” in a filing to Bombay Stock Exchange. Increasingly, global enterprise clients in Australia recognize that strategic design is a critical part of any digital or business transformation. By adding Syfte’s skills and expertise to Designit, Wipro will be better positioned to support its clients’ digital agenda. “Design is now a part of every digital conversation that we have with our clients”.

Wipro has a well-established presence in Australia. With this expansion, we now bring a substantial and differentiated design and local engineering capability to the market. Both companies are focused on creating high – impact, human – centered products, services, systems and experiences that matter.


Wipro has been consolidating in a sideways range wide spread between 290 to 340 zones for the past couple of months. Stock has challenged the all time high zone that was witnessed in March 2015 recently and has seen a halt. Price action does not any sign of reversal at place and is contained after the gap up move in August 2018 with range shift in RSI on larger timeframe above 60 levels. Intermediate peak provided cushion during the correction, stock has made an attempt towards registering fresh all time high levels. Momentum indicators has sustained with bullish bias as Monthly and Weekly RSI sustains above 60 levels awaiting breakout in daily timeframe. Momentum domination with price action on bullish note indicates stock is expected to continue the rally further once crossed above 340.

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