Look at Wipro as a buy in opportunity: Prakash Diwan, Asit C. Mehta Investment Intermediates Ltd.

Prakash Diwan, Head-Institutional Clients Group, Asit C. Mehta Investment Intermediates Ltd., talks to ET Now on Wipro.

Why is Wipro underperforming TCS and Infosys Technologies?

What has happened is Wipro was last to restructure itself after the change in management, all those things settled down and their go-to market strategy was kind of belated and diluted as compared to at least HCL and TCS distinctly and today they announced a new eight-point strategy to start looking at the markets again, especially the verticals that they have slipped out of.

So they are playing more of a catch-up and that’s a stock that any improvement in its business could actually give you some sort of an upside because the rest of them probably are fairly priced, so from that perspective, people could look at Wipro as a buy in opportunity and not get disappointed because it has not participated in this kind of a surge that we have seen because of the forex parity in all the other frontline stocks.