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Hold Wipro, may test Rs 340-350: Vijay Chopra

According to Vijay Chopra of enochventures.com, one may hold Wipro.

July 20, 2017 / 16:27 IST

Vijay Chopra of enochventures.com told CNBC-TV18, "One should hold Wipro. IT companies having a topsy-turvy kind of a trek in the last one-one and half years. There have been a lot of bad news from the US, a lot of uncertainty from the new clients, but I think that these companies are bellwether’s and they will find their feet somewhere down the line and they would be to find out new clients."

"I would like to mention here that India being such a large country and the kind of focus which government is having on digital India and the digital payment, everything is now being integrated. I think that these big companies, maybe this year Wipro or Infosys, they are going to get a lot of domestic orders as well. So India is going to be a bigger market."

"So, looking into that, I think that somebody is into IT space, you should hold on to the stock, my sense is that it can easily go to Rs 340-350. One should hold on to Wipro for a longer term," he added.

first published: Jul 20, 2017 03:51 pm

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