UBS raises Wipro to ‘buy’ on improving revenue outlook

UBS raises its 12-month price target to Rs.510 from Rs.340
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First Published: Thu, Jan 17 2013. 10 29 AM IST
The Wipro stock on the BSE was trading at `433.80, up 3.27% at 10.26am on Thursday. Photo: Hemant Mishra/Mint
The Wipro stock on the BSE was trading at Rs.433.80, up 3.27% at 10.26am on Thursday. Photo: Hemant Mishra/Mint
Updated: Thu, Jan 17 2013. 11 55 AM IST
Mumbai: UBS raised its ratings on Wipro Ltd to “buy” from “sell”, saying revenue momentum will start picking up from the October-December quarter, while a cyclical recovery could help speed up a recovery in the software services exporting sector.
UBS also raised its 12-month price target to Rs.510 from Rs.340.
The Wipro stock on the BSE was trading at Rs.433.80, up 3.27% at 10.26 am on Thursday.
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First Published: Thu, Jan 17 2013. 10 29 AM IST
More Topics: UBS | Wipro | Revenue outlook |
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