Buy Wipro 550 Call at around Rs 24: Krish Subramanyam

Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "Wipro among the tech pack has shown very encouraging sign of bouncing back with every small decline and therefore 550 strike Call could be bought at around Rs 24 for a target of Rs 38-40 and one could keep a stoploss of Rs 15."

At 14:10 hrs Wipro was quoting at Rs 559.35, up Rs 2.20, or 0.39 percent. It has touched a 52-week high of Rs 564.40.

The share touched its 52-week high Rs 562.10 and 52-week low Rs 315.30 on 01 January, 2014 and 31 May, 2013, respectively. Currently, it is trading 0.49 percent below its 52-week high and 77.4 percent above its 52-week low. Market capitalisation stands at Rs 137,909.57 crore.