Sell Wipro; target Rs 300: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Wipro with a target price of Rs 300. The current market price of Wipro is Rs 319.45. Time period given by analyst is Intra Day when Wipro price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 331.

Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 144535.63 crore) operating in Information Technology sector.

Wipro key Products/Revenue Segments include Software Services which contributed Rs 43063.80 crore to Sales Value (96.31 per cent of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 1646.20 crore to Sales Value (3.68 per cent of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 14541 crore, up 4.03 per cent from last quarter Sales of Rs 13977.70 crore and up 8.33 per cent from last year same quarter Sales of Rs 13423.40 crore Company has reported net profit after tax of Rs 1883.70 crore in latest quarter. 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.