Rally in Wipro Ltd will peter out: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on Wipro Ltd
ET Now: This rally in Wipro, 6% up at close. Do you think it is likely to extend itself out?

Prakash Diwan: Not really, it is more of a catch-up. We saw that happen in the case of Infosys Ltd also and then it petered out of sorts and as the other companies come up with their numbers, which is already happening, the limelight will be stolen and Wipro Ltd will probably get sidelined.