INSUBCONTINENT EXCLUSIVE:
ICICI Direct has a buy call on Wipro Ltd
with a target price of Rs 315.0
The current market price of Wipro Ltd
is Rs 280.15 Time period given by analyst is a year when Wipro Ltd
price can reach defined target.
Wipro Ltd., incorporated in the year 1945, is a largecap company with a market cap of Rs 134030.44 Crore)
operating in Information Technology sector
However, continued strength in BFSI, strong order bookings in Q4 on digital indicates that recovery to start from Q2FY19E
Secondly, most of the negatives seems to be priced in and currently it is trading at 13.3x FY20E
Hence, we maintain our BUY recommendation on the stock with a revised target price of Rs 315/share (15x FY20E EPS).
