ICICI Direct is bullish on Wipro has recommended buy rating on the stock with a target price of Rs 530 in its research report dated November 25, 2016.
ICICI Direct's research report on Wipro
Based on the aforementioned observations, we believe that the stock provides a good entry opportunity with a favourable reward/risk ratio to ride the next up move. We expect the stock to resolve higher and retrace at least 61.8% of the previous decline, thereby providing upsides towards Rs 530 in the short term.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.