May 03, 2013, 03.00 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro. He sees more upside in the stock.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " HCL Technologies found support and TCS also did the same. Yesterday, Wipro finally went back above the gap that was created because of the split as well as the news. I think there is more upside here. Even if the markets were to do something different we have seen how IT has its oven course. The smart decline is over, so expect it to start moving higher and Wipro is an appropriate candidate for buying."
At 12:54 hrs Wipro was quoting at Rs 353, up Rs 0.55, or 0.16 percent. It has touched an intraday high of Rs 356.10 and an intraday low of Rs 349.45.
The share touched its 52-week high Rs 462.85 and 52-week low Rs 327.55 on 05 April, 2013 and 29 April, 2013, respectively. Currently, it is trading 23.73 percent below its 52-week high and 7.77 percent above its 52-week low.
Market capitalisation stands at Rs 86,944.17 crore.