Buy Wipro Ltd. target Rs 308.0 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has buy call on Wipro Ltd. with a target price of Rs 308.0 . The current market price of Wipro Ltd. is Rs 298.25 Time period given by analyst is Intra Day when Wipro Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 295
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 144978.72 Crore) operating in Information Technology sector.

Wipro Ltd. key Products/Revenue Segments include Software Services which contributed Rs 43278.80 Crore to Sales Value (93.98 % of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 2360.80 Crore to Sales Value (5.12 % of Total Sales) and Other Operating Revenue which contributed Rs 408.20 Crore to Sales Value (0.88 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 13423.40 Crore, down -1.49 % from last quarter Sales of Rs 13626.10 Crore and down -3.41 % from last year same quarter Sales of Rs 13896.80 Crore Company has reported net profit after tax of Rs 2189.10 Crore in latest quarter. 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.