Buy Wipro and Infosys, says says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “Wipro is a nice on chart. It has now recovered from all the losses that it had on the back of results and that by itself suggests a gap is being filled. Both Infosys and Wipro are good opportunities to buy.”
The share touched its 52-week high Rs 450.70 and 52-week low Rs 335.10 on 04 April, 2012 and 26 October, 2012, respectively.Currently, it is trading 6.04% below its 52-week high and 26.38% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 21.49 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 19.71. The latest book value of the company is Rs 98.89 per share. At current value, the price-to-book value of the company was 4.28. The dividend yield of the company was 1.42%.
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Economy turning for sure but cant say for mkts: DSP