Buy Wipro, target Rs 347: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on Wipro Ltd
with a target price of Rs 347
The current market price of Wipro Ltd
is Rs 338.75 Time period given by analyst is Intra Day when Wipro Ltd
price can reach defined target
Dr CK Narayan recommended to keep stoploss at Rs 334
Wipro Ltd., incorporated in 1945, is a largecap company with a market cap of Rs 153254.40 crore. Wipro Ltd
key Products/Revenue Segments include Software Services which contributed Rs 43063.80 Crore to Sales Value (96.31 % of Total Sales),
Networking, Storage equipment, Servers, Software Licenses which contributed Rs 1646.20 Crore to Sales Value (3.68 % of Total Sales)for the
year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 14541.00 Crore, up 4.03 % from last quarter Sales of
Rs 13977.70 Crore and up 8.33 % from last year same quarter Sales of Rs 13423.40 Crore Company has reported net profit after tax of Rs
1883.70 Crore in latest quarter
The company’s top management includes Dr.Ashok S Ganguly, Dr.Patrick J Ennis, Mr.Abidali Z Neemuchwala, Mr.Azim H Premji, Mr.Ireena
Vittal, Mr.M K Sharma, Mr.Narayanan Vaghul, Mr.Patrick Dupuis, Mr.Rishad Premji, Mr.William Arthur Owens
Company has Deloitte Haskins Sells LLP as its auditoRs As on 30-09-2018, the company has a total of 4,524,079,523 shares outstanding