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Buy Wipro Ltd. target Rs 555: Siddharth Bhamre

Buy Wipro Ltd. at a price target of Rs 555.0 and a stop loss at Rs 511 from entry point

Updated: May 24, 2017, 09.08 AM IST
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Independent Analyst Siddharth Bhamre has a buy call on Wipro Ltd with a target price of Rs 555. The current market price of Wipro Ltd. is Rs 525.4. The time period given by the analyst is Intra Day when Wipro Ltd. price can reach defined target. Siddharth Bhamre maintains stop loss at Rs 511.0 .
Wipro Ltd., incorporated in the year 1945, is a largecap company (having a market cap of ₹ 127789.75 crore) operating in Information Technology sector.

Wipro Ltd. key Products/Revenue Segments include Software Services which contributed ₹ 39004.90 Cr to Sales Value (87.28 % of Total Sales), I T Enabled Services which contributed ₹ 2958.80 Cr to Sales Value (6.62 % of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed ₹ 2644.90 Cr to Sales Value (5.91 % of Total Sales), Other Services which contributed ₹ 74.10 Cr to Sales Value (0.16 % of Total Sales), Others which contributed ₹ 1.90 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 14062.00 Cr., up 2.16% from last quarter Sales of ₹ 13764.50 Cr. and up 2.33% from last year same quarter Sales of ₹ 13741.70 Cr. Company has reported net profit after tax of ₹ 2267.00 Cr. in latest quarter. The company’s CEO is Mr.Abidali Z Neemuchwala. It's Board of Directors include Mr.M Sanaulla Khan, Dr.Ashok S Ganguly, Dr.Jagdish N Sheth, Dr.Patrick J Ennis, Mr.Abidali Z Neemuchwala, Mr.Azim H Premji, Mr.M K Sharma, Mr.Narayanan Vaghul, Mr.Patrick Dupuis, Mr.Rishad Azim Premji, Mr.T K Kurien, Mr.Vyomesh Joshi, Mr.William Arthur Owens, Ms.Ireena Vittal, Mr.Ajay Bhaskar, Mr.Alok Bansal, Mr.Aneesh Garg, Mr.Ashok Philipose, Mr.Deepak Jain, Mr.Gilles Grange, Mr.Hari Menon, Mr.Hariprasad Hegde, Mr.Jatin Pravinchandra Dalal, Mr.K Ravi Sankar, Mr.M Sanaulla Khan, Mr.Prasad Gantasai, Mr.Prasanna Gamma Kali, Mr.Rajan Kohli, Mr.Rajesh Sehgal, Mr.Rishad Premji, Mr.S Narayanan, Mr.Sheetal Sharad Mehta, Mr.Subhash Khare, Mr.T K Padmanabha, Mr.Trupti Mukker. Company has its registered office at Block-CN 1- V,, Sector-V, , Saltlake, Kolkata, 700091, West Bengal. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 2,382,063,061 shares outstanding.

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