Keep a cautious stance on Wipro, says Kawaljeet Saluja

In a chat with ET Now, Kawaljeet Saluja, Executive Director and Head of Research, Kotak Institutional Equities shares his views on Wipro.

ET Now: Do you think the real dark horse could be Wipro as no one likes it or owns it?

Kawaljeet Saluja: In case of Wipro, one has to view how much of improvement is a general improvement in the market and deal closures versus how much of the growth is Wipro specific.

For the markets to get comfortable with Wipro, they have to catch up with peers on revenue growth. Our expectation is that the growth of Wipro will still trail tier 1 peers hence we have a cautious stance on the stock.