Wipro Technologies Buy Sell Tips Report Discussion
Wipro Limited is a staggering $ 5 billion Indian conglomerate with the services IT consulting, Business Process Outsourcing, Product Engineering Solutions and Technology Infrastructure Services. The headquarters are situated at Bangalore, India. Mr. Azim Premji is the current chairman of the Wipro Ltd. The 2009 revenue of the conglomerate is $ 4.98 billion with a net income of $ 0.82 billion and total assts stand at $ 5.38 billion. As of 30 June, 2009 there are 98,521 employees working in the Wipro Technologies.
Wipro was founded in 1947 by Mr. Azim Premji’s father at Amalner, Maharashtra, India. It was started as a vegetable oil trading company in an old mill at Amalner. After the unfortunate demise of his father in the year 1966 Mr. Azim Premji took over the control of Wipro at the young age of 21. He was a graduate from Stanford University in Electrical Engineering. Though initially his potential was doubted by many contemporary board members, but within no time he proved his abilities as a visionary and as a leader. The present growth and success story of Wipro is mostly because of the efforts of Mr. Azim Premji.
In 1977, the Indian Government asked IBM to stop its India operations, and then Wipro grabbed the opportunity to enter into the IT sector. Starting in 1979 it finished manufacturing of own computers in the 1981 and started selling them. During that period in 1980 they also started software developing fragment. The year 1992 show the Wipro’s expansion to the US. It recorded revenue growth of unbelievable 450% in between 2002 and 2007.
Wipro has three sister concerns namely Wipro Infrastructure Engineering, Wipro Infotech and Wipro Lighting. Wipro has proved to be a truly indigenous corporate success story for India. Now it is the 2nd largest IT company of India.
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Buy Wipro with target of Rs 675 and stop loss of Rs 650, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 660, up 0.2% on the BSE.
Buy Wipro with a target of Rs 710 and stop loss of Rs 620, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 659, up 0.08% on the BSE.
Buy Wipro with a target of Rs 710 and stop loss of Rs 640, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 673, up 2.2% on the BSE.
Buy Wipro with target of Rs 705 and stop loss of Rs 655, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 681.40, up 1.4% on the BSE.
Hold Wipro with target of Rs 770 and stop loss of Rs 660, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 675, up 0.27% on the BSE.
Short Wipro at Rs 680 with intra-day target of Rs 668 and stop loss of Rs 686, says Hemen Kapadia, technical analyst, on CNBC TV18. The stock last traded at Rs 673, down 0.7% on the BSE.
Sell Wipro with intra-day target of Rs 720 and stop loss of Rs 753, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 733.05, down 1.1% on the BSE.
Hold Wipro with a target of Rs 785 and stop loss of Rs 710, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is trading at Rs 737, down 0.45% on the BSE.
The Wipro Q3 results have come in with consolidated revenues at Rs 6966 crore versus Rs 6917 crore (QoQ), reports CNBC TV18. Consolidated net profit has come in at Rs 1217 crore versus Rs 1161.7 crore (QoQ), it adds.
Buy Wipro at Rs 620-630, says Ashuu Kakkarr, technical analyst, on NDTV Profit. The stock is currently trading at Rs 669, up 0.16% on the BSE.
Hold Wipro which on crossing Rs 680 will go to Rs 720 at which point exit, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 678, up 1.8% on the BSE.
Hold Wipro with target of Rs 900 on crossing its resistance of Rs 750, says Kiran Jadhav, technical analyst, on NDTV Profit. Keep stop loss of Rs 645, he adds. The stock is currently trading at Rs 696, down 0.5% on the BSE.
Buy Wipro with target of Rs 725 and stop loss of Rs 695, says Kalyan C Reddy of Karvy Stock Broking on NDTV Profit. The stock is currently trading at Rs 142.95, down 0.03% on the BSE.
Buy Wipro with target of Rs 760, says Somil Mehta of Sharekhan on NDTV Profit. The stock is currently trading at Rs 699, up 0.42% on the BSE.
Hold Wipro with stop loss of Rs 628, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 655.30, up 2.6% on the BSE.
Exit Wipro on a rally to around Rs 700 or, if it crosses its resistance of Rs 732, to around Rs 750-770, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 666, down 0.8% on the BSE.
Buy Wipro with target of Rs 720 and stop loss of Rs 664, says Kunal Saraogi, technical analyst, on NDTV Profit. The stock is currently trading at Rs 675, down 0.6% on the BSE.
Sell Wipro with target of Rs 600 if it goes below Rs 627 and stop loss of Rs 637, says Anu Jain, technical analyst, on CNBC TV18. The stock is currently trading at Rs 633.05, up 0.4% on the BSE.
Buy Wipro with target of Rs 425-430 and stop loss of Rs 410, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 412.85, down 0.9% on the BSE.
Buy Wipro with target of Rs 425-430 and stop loss of Rs 410, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 412.15, down 1% on the BSE.
Buy Wipro with 2-3 day target of Rs 460 and stop loss of Rs 422, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 426.70, down 0.5% on the BSE.