Wipro has target of Rs 420: Monal Desai

Monal Desai, Sunidhi Securities is of the opinion that Wipro has target of Rs 420.

Desai told CNBC-TV18, "I am looking at Rs 420 as a target for Wipro. That stock should play out that target over a little  longer period of time, about a week I would say, not immediate. Keep a stop at Rs 445 for that target of Rs 420.”
At 14:27 hrs Wipro was quoting at Rs 430, down Rs 7.15, or 1.64%. It has touched an intraday high of Rs 441.60 and an intraday low of Rs 429.80.
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 20.01. The latest book value of the company is Rs 98.88 per share. At current value, the price-to-book value of the company was 4.35. The dividend yield of the company was 1.4%.