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.
