MUMBAI (Reuters) - UBS raised its ratings on Wipro Ltd (WIPR.NS) 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 rupees from 340 rupees.
(Reporting by Rafael Nam and Abhishek Vishnoi; Editing by Subhranshu Sahu)
Trending On Reuters
HCL Technologies Ltd, India's fourth-largest software services exporter by revenue, reported a 3.6 percent rise in quarterly net profit on Tuesday, lagging street estimates as margins dropped due to currency volatility. Full Article | Quote