Hold Wipro, says Sudarshan Sukhani

Hold Wipro, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would advise to hold Wipro. My own idea is it is now bottoming out, that process takes a bit of time and we all understand that quarterly results can change. No one can give a guarantee that Wipro will continue with the subdued performance next time. The chart suggests that the markets are discounting a better performance in the weeks or months ahead. Hold on to it, it is a good stock."
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 18.95% below its 52-week high and 9.44% above its 52-week low. Market capitalisation stands at Rs 90,300.05 crore.