Phani Sekhar, Fund Manager at Angel Broking told CNBC-TV18, "Wipro is the slowest in terms of turnaround if you compare with Infosys, because both companies started losing market share and large deals at the same time about 2-3 years ago, but Infosys is springing back to life faster than Wipro. By all indications I guess it will be another 3-4 quarters by which time Wipro might show you some kind of a turnaround and to that extent as compared to Infosys the valuations of Wipro appear a little more stretched."
"Having said that in absolute terms, you can still aspire to make 15-16 percent returns, but given a choice in the largecap space I guess I would go with a Tech Mahindra than a Wipro," he added.
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