Sell Wipro, target Rs 244: Dr CK Narayan
Sell Wipro Ltd. at a price target of Rs 244.0 and a stoploss at Rs 256 from entry point.
Wipro Ltd. key Products/Revenue Segments include Software Services which contributed Rs 46852.90 Crore to Sales Value (97.35 % of Total Sales), Networking, Storage equipment, Servers, Software Licenses which contributed Rs 1176.90 Crore to Sales Value (2.44 % of Total Sales) and Other Operating Revenue which contributed Rs 94.00 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 14716.10 Crore, down -1.93 % from last quarter Sales of Rs 15006.30 Crore and up 5.28 % from last year same quarter Sales of Rs 13977.70 Crore Company has reported net profit after tax of Rs 2403.90 Crore in latest quarter. The company’s top management includes Dr.Patrick J Ennis, Mr.Abidali Z Neemuchwala, Mr.Azim H Premji, Mr.Ireena Vittal, Mr.M K Sharma, Mr.Patrick Dupuis, Mr.Rishad Premji, Mr.William Arthur Owens, Ms.Arundhati Bhattacharya. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2019, the company has a total of 6,035,359,575 shares outstanding.