Stay invested in Wipro: Jagannadham Thunuguntla

Stay invested in Wipro, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "I think probably we have to give at least 2-3 quarters more for the entire restructuring model to play out and again Wipro to come back into the top 3 game and to again become industry leader position. So I think at least 2-3 quarters patience is needed for Wipro investors. You can definitely stay invested, I am sure you will make money."
The company touched its 52-week high Rs 496.30 and 52-week low Rs 310.20 on 28 Dec, 2010 and 19 Aug, 2011, respectively. Currently, it is trading -24.89% below its 52-week high and 20.16% above its 52-week low. Market capitalisation stands at Rs 91,587.06 crore.