Buy Wipro, says Sudarshan Sukhani

One can buy Wipro, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Wipro has been a favourite and for the last eight-ten days it was going against the broad IT trend while Tata Consultancy Services (TCS) and HCL Technologies were making new highs and Wipro was falling. That would only be a correction and That correction was stemmed yesterday, a decent gain was seen."
He further added, "I think the correction is over and some rallies should appear. The charts are in an uptrend. Therefore, Wipro is a buying opportunity and among the IT stocks, Wipro is the preferred buy today."
At 09:35 hrs Wipro was quoting at Rs 434.05, down Rs 0.10, or 0.02%. It has touched an intraday high of Rs 439.00 and an intraday low of Rs 432.40.
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 20.18. 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 4.39. The dividend yield of the company was 1.38%.