Anand Tandon`s view on Wipro

Anand Tandon, CEO, JRG Securities shares his view on Wipro.

Tandon told CNBC-TV18, “Wipro has not been a favorite for investors for a while for a whole lot of factors which are being attributed to the company themselves. I think right now the investors are really searching for where to hang their hat on as it were because the earlier bellwethers are no more performing as consistently as they used to. To me that is a sign of the industry maturing. The only way you can have actually consistent QoQ growth is if you are doing better than what you estimate and actually keep aside something too for the bad quarter whenever it comes.”
He further added, “If you look at where the consensus is clearly the earnings growth this year is likely to come only from 2-3 sectors and the expectation is that IT and banks will be the two large contributors and in banks specifically we are really looking at SBI to be the one major outperformer. So while in dollar terms there may not be anything great but in rupee terms obviously there will have to be an increase in bottom-line which will perhaps be a little more positive than most people expect.”