Sell Wipro, target Rs 263: Rakesh Bansal

Rakesh Bansal of R K Global has a sell call on Wipro with a target price of Rs 263.

The current market price of Wipro is Rs 274.

Time period given by analyst is 'Intra Day' when Wipro price can reach defined target.

Rakesh Bansal recommended to keep a stop loss at Rs 286.


Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 1,38,818.46 Crore) operating in Information Technology sector.

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 31-12-2017, the company has a total of 4,523,350,937 shares outstanding.