Stay invested in Wipro, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "Form a longer-term perspective, our recommendation would definitely be to hold on to Wipro and amongst the frontline IT names, we have positive coverage. Along with Wipro, we cover Infosys, TCS and HCL Tech." A little bit of disappointment this time around in terms of numbers, but our sense is that there is plenty of opportunity, both in terms of domestic as well as overseas business. And our recommendation would be that if one is not looking at the short-term negativities, medium to long-term definitely things will evolve in terms of earnings and thereby, throw positivities on the prices of shares as well, "he added.