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Last Updated : Apr 17, 2019 03:25 PM IST | Source: Moneycontrol.com

Hold Wipro; target of Rs 305: Sharekhan

Sharekhan recommended hold rating on Wipro with a target price of Rs 305 in its research report dated April 16, 2019.

Broker Research @moneycontrolcom

Sharekhan's research report on Wipro


Delivered lower-than-expected revenue growth and operating profitability performance; CC revenue grew by 1% q-o-q. Guided muted revenue growth of -1% to +1% for Q1FY2020E (excluding Workday and Cornerstone divestment impact), below our expectations. The company’s capital payout strategy continues to remain impressive; Participating in the buyback programme could be a tactical opportunity for investors for short-term investment gain.


Outlook


We downgrade our rating on Wipro from Buy to Hold with a revised price target of Rs. 305.


For all recommendations report, click here


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First Published on Apr 17, 2019 03:25 pm
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