Sell Wipro, advises Ankur Rudra

Ankur Rudra, vice president of institutional equities of Ambit Capital told CNBC-TV18, "We have a sell on Wipro. We think it is moving towards recovery. Our preference is Wipro over Infosys. It is a valuation call."

Wipro closed at Rs 548.95, up Rs 19.05, or 3.60 percent. It has touched a 52-week high of Rs 544.90.

The company's trailing 12-month (TTM) EPS was at Rs 23.72 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 22.96. The latest book value of the company is Rs 98.28 per share. At current value, the price-to-book value of the company was 5.54. The dividend yield of the company was 1.29 percent.