Sell Wipro, target Rs 350: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on Wipro Ltd
with a target price of Rs 350
The current market price of Wipro Ltd
is Rs 366.05
Time period given by the analyst is Intra Day when Wipro Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 371
Wipro Ltd., incorporated in 1945, is a largecap company with a market cap of Rs 165644.12 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 31-12-2018, the company has reported a Consolidated sales of Rs 15059.50 Crore, up 3.57 % from last quarter Sales of
Rs 14541.00 Crore and up 10.17 % from last year same quarter Sales of Rs 13669.00 Crore Company has reported net profit after tax of Rs
2543.80 Crore in latest quarter
Mr.M K Sharma, Mr.Narayanan Vaghul, Mr.Patrick Dupuis, Mr.Rishad Premji, Mr.William Arthur Owens, Ms.Arundhati Bhattacharya
Company has Deloitte Haskins Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 4,525,022,173 shares outstanding