Wipro can give 18-20% returns, says Dilip Bhat

Wipro can give 18-20% returns in next 12-15 months, says Dilip Bhat, Joint MD, Prabhudas Lilladher.

Bhat told CNBC-TV18, “Wipro was a tad disappointing. I thought probably it will just confirm what the other three top IT companies had said and probably we getting into the impression that IT is getting into very sweet spot, not withstanding how the rupee is going to behave, but having said I think Wipro’s numbers probably – and particularly the guidance has not been all that encouraging, but I think once the demerger and all that thing happens I think the focus probably will improve.”
He further added, “Even from the current levels I think there is some amount of money to be made, if I am correct my own estimate would be around 18-20 percent – one can still make over next 12-15 months. I am taking into account that it will get demerged and I am not so worried about the guidance, though I am a little disappointed.”