Hold Wipro, target price Rs 420: Emkay Global

Emkay has hold call on Wipro with a target price of Rs 420. The current market price of Wipro Ltd. is Rs 443.55.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 253732.43 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 15670.00 Crore, up 3.68 % from last quarter Sales of Rs 15114.50 Crore and up 1.29 % from last year same quarter Sales of Rs 15470.50 Crore. Company reported net profit after tax of Rs 2987.70 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74 per cent stake in the company as of Dec 30, 2020, while FIIs held 8.5 per cent, DIIs 6.1 per cent and public and others 11.4 per cent.