Buy Wipro, target Rs 317: Manas Jaiswal

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ETMarkets.comLast Updated: Nov 07, 2017, 12:15:00 PM IST

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Buy Wipro at a price target of Rs 317 and a stop loss at Rs 302 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on Wipro with a target price of Rs 317.

The current market price of Wipro is Rs 306.70.

Time period given by the analyst is intraday when Wipro price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 302.

Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 1,43,226.71 Crore) operating in Information Technology sector.

Wipro key Products/Revenue Segments include Software Services which contributed Rs 43,278.80 Crore to Sales Value (93.98 per cent of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 2360.80 Crore to Sales Value (5.12 per cent of Total Sales) and Other Operating Revenue which contributed Rs 408.20 Crore to Sales Value (0.88 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.Ashok S Ganguly, Dr.Patrick J Ennis, Mr.Abidali Z Neemuchwala, Mr.Azim H Premji, Mr.Ireena Vittal, Mr.M K Sharma, Mr.Narayanan Vaghul, Mr.Patrick Dupuis, Mr.Rishad Premji, Mr.William Arthur Owens.

Company has BSR & Co. LLP as its auditors.

As on 30-09-2017, the company has a total of 4,866,690,771 shares outstanding.

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