Buy Wipro; target of Rs 815: ICICI Direct
ICICI Direct is bullish on Wipro has recommended buy rating on the stock with a target price of Rs 815 in its research report dated October 18, 2021.
October 18, 2021 / 03:42 PM IST
ICICI Direct's research report on Wipro
Wipro is an IT, consulting & BPO catering to BFSI, health, consumer, energy & utility, technology and communication. With 190000 employees, it serves clients across six continents Consistent payout (~70%), healthy OCF to EBITDA ratio of ~89%
We maintain BUY on strong deal momentum especially on large size deals We value Wipro at Rs 815 i.e. 29x P/E on FY23E EPS
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