Expert says Buy Wipro with price target of Rs 485 - Rs 525, keep Stop-Loss at Rs 390
Wipro share price today: After TCS and Infosys results, Wipro is going to declare its results today. Kotak Institutional Equities forecasts Wipro's sequential constant currency revenue growth of 3.1% driven by ramp up of large deals won in the earlier quarter and typical seasonal strength. Kotak says that it forecasts 140 bps declines in EBIT margin due to wage revisions and hiring of resources at the senior management level
Ashis recommends a buy on Wipro in the range of Rs 410 – Rs 425 maintaining the Target of Rs 485 and then Rs 525 with a Stop-Loss of Rs 390 for a short-term period: Reuters