Hold Wipro Ltd. Shares to Gain more in Future
Wipro Limited is one of the providers of information technology products and services globally. The company has two segments, IT Services and IT Products. The current share price of Wipro Ltd. is Rs. 571.65. According to Emkay Global Financial Services, Wipro Ltd. takes initiatives in client mining, re-bid opportunities, and automation to improve its performance amongst its peers.
Till now the company has achieved mixed results. It is estimated that the financial years 2015 and 2016 will yield minor increases of revenues for the company, and the EPS will be Rs. 36 and Rs. 40. The company’s initiatives in the Infrastructure segment will fetch the desired results. Hence, Emkay Global Financial Services advises the shareholders of Wipro Ltd. to hold it for some more time as the share price will reach Rs. 600.
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