Hold Wipro, target price Rs 360: Emkay Global

Hold Wipro, target price Rs 360: Emkay Global
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Synopsis

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 215396.50 Crore) operating in IT Software sector.

Promoters held 74 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.8 per cent, DIIs 7 per cent and public and others 10.2 per cent.

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Emkay Global has hold call on Wipro with a target price of Rs 360. The current market price of Wipro Ltd. is Rs 376.7.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 215396.50 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 15114.50 Crore, up 1.35 % from last quarter Sales of Rs 14913.10 Crore and down -.07 % from last year same quarter Sales of Rs 15125.60 Crore Company reported net profit after tax of Rs 2485.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.8 per cent, DIIs 7 per cent and public and others 10.2 per cent.

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