BackUBS raises Wipro to ‘buy’ on improving revenue outlook
1 min read
17 Jan 2013, 11:55 AM IST
UBS raises its 12-month price target to `510 from `340
Premium(Hemant Mishra/Mint)
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 ₹ 510 from ₹ 340.
The Wipro stock on the BSE was trading at ₹ 433.80, up 3.27% at 10.26 am on Thursday.
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Published: 17 Jan 2013, 10:29 AM IST
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