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Srini Pallia

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Nuvama upgrades Wipro to buy citing turnaround potential and growth prospects

Nuvama Institutional Equities has upgraded Wipro to 'Buy' from 'Hold,' raising the target price to Rs 700, citing a favorable portfolio mix and new leadership under CEO Srini Pallia. This upgrade suggests a 20% upside potential for Wipro's shares, which have gained 20% year-to-date, outperforming the Nifty 50. The brokerage anticipates a revival in discretionary spending, benefiting Wipro following recent macroeconomic improvements.
Moneycontrol
Wipro Limited IND Srini Pallia
Finance & Economy, Market Report
07:18 28.11.2024
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