Buy Wipro, target Rs 288: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Wipro Ltd. with a target price of Rs 288. The current market price of Wipro Ltd. is Rs 279.5 Time period given by the analyst is Intra Day when Wipro Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 272. Wipro Ltd., incorporated in 1945, is a largecap IT company with a market cap of Rs 136051.91 crore.

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 31-03-2018, the company has reported a Consolidated sales of Rs 13768.60 Crore, up .73 % from last quarter Sales of Rs 13669.00 Crore and down -2.09 % from last year same quarter Sales of Rs 14062.00 Crore Company has reported net profit after tax of Rs 1801.10 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 31-03-2018, the company has a total of 4,523,784,491 shares outstanding.