Shares of Wipro rallied 5.5% to an intraday high of Rs 486.40 from its previous close of Rs 461. The upsurge in the price of the company’s scrip came in after it won a deal of $500 million with a leading US Communication Service Provider. 

Wipro will be providing managed services for some products and industry-specific solutions for five years, said the company in a stock exchange filing. 

Wipro’s stock has raised the investors’ wealth by more than 9% in the last five days. It has risen almost 16% in the past six months. The shares of Wipro have risen more than 20% in the past year and 1.5% from the year to date.