Shares of Wipro in trade on October 14, 2020 slipped close to 7 percent to day's low of Rs. 350 even as the IT major met estimates. Revene at the company increased 2 percent sequentially while net profit also jumped 3.2 percent.
Wipro Slips Up To 7% After Q2 Results; Analysts Turn Cautious
And brokerages estimate that the IT major should give up the timeline for quantifying goals and Wipro shall still take time to catch up with its peers including TCS and Infosys. Citi downgraded the stock to 'Neutral' with a target price of Rs. 400. And iterates that focus now shifts to execution under new CEO and sharp re-rating limits upside in the counter.
Brokerage view on Wipro
Target Price
Motilal Oswal
385
ICICI Securities
435
Nirmal Bang
382
Kotak Institutional Equities
380
And for long term rewards from the IT player, investors can lap up the stock which has just begun its catch-up play with other peers from the industry.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google