Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wipro has been in an uptrend. We have been recommending the buying in Wipro for sometime now. The stock was in a trading range and it is breaking out from it. Day trading target is Rs 370 but I would assume that Wipro is probably moving much higher. So it is not only Wipro, most IT stocks, all five IT majors, suggest bullish patterns."
"I would say that the strength that we are already seeing in Wipro is likely to be build on and go long," Sukhani said. The share touched its 52-week high Rs 462.85 and 52-week low Rs 315.30 on 05 April, 2013 and 31 May, 2013, respectively. Currently, it is trading 21.79 percent below its 52-week high and 14.81 percent above its 52-week low. Market capitalisation stands at Rs 89,182.14 crore. Also Read: IT firms USD revenue growth seen up 0.5-4% QoQ in Apr-JuneDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
