Wipro may see 4-5% upside over 12 months: Equirus

Bhavin Shah of Equirus Securities feels Wipro may see 4-5 percent upside over 12 months..

Shah told CNBC-TV18, “Our view on Wipro is that while there is a fair bit of positive internal movements with respect to the focus and so on, it is not yet materialising in stronger revenue traction. The stock has done reasonably okay. So, from hereon again we do not see any upside in the stock or maybe limited 4-5 percent upside over 12 months.”
The company's trailing 12-month (TTM) EPS was at Rs 21.49 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.15. The latest book value of the company is Rs 98.88 per share. At current value, the price-to-book value of the company was 3.73. The dividend yield of the company was 1.63 percent.
The stock's price-to-earnings (P/E) ratio stands at 17.17 on (NSE).