ICICI Direct's research report on Wipro
Wipro is an IT, consulting & BPO player catering to BFSI, health, consumer, energy & utility, technology and communication. With over 230000 employees, it serves clients across six continents • Consistent payout (~70%), healthy OCF to EBITDA ratio of ~89%.
Outlook
We change our rating on the stock from HOLD to BUY. We value Wipro at Rs 455 i.e., 16x P/E on FY25E EPS.
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