Buy Wipro, target price Rs 467: Edelweiss

Edelweiss has buy call on Wipro with a target price of Rs 467. The current market price of Wipro Ltd. is Rs 359.8.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 205995.40 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 15114.50 Crore, up 1.35 % from last quarter Sales of Rs 14913.10 Crore and down -.07 % from last year same quarter Sales of Rs 15125.60 Crore Company reported net profit after tax of Rs 2485.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.8 per cent, DIIs 7 per cent and public and others 10.2 per cent.