Hold Wipro; target of Rs 450: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should hold Wipro with a target of Rs 450.
 
Sukhani told CNBC-TV18, “Wipro’s outlook is very cheerful, which means one should hold on. My pegging order said Tata Consultancy Services (TCS), Wipro and Wipro was second because Infosys has already gone up. We had suggested it, but it has done its bit. So, I think in 6 months even a target of Rs 450 is realisable. Markets go up and down. Today is a down day. It means nothing. These things will happen. The overall trend in Wipro is clearly up.”
 
The share touched its 52-week high Rs 452.50 and 52-week low Rs 335.10 on 17 February, 2012 and 26 October, 2012, respectively. Currently, it is trading 10.07% below its 52-week high and 21.44% above its 52-week low.