UBS raises Wipro to 'buy' on improving revenue outlook

MUMBAI Thu Jan 17, 2013 8:55am IST

People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

People walk in the Wipro campus in Bangalore June 23, 2009.

Credit: Reuters/Punit Paranjpe/Files

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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)

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