MUMBAI 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
Eighteen village councils in Uttar Pradesh are demanding a local Coca-Cola bottling plant be prohibited from extracting water from the ground, claiming its over usage has led to water scarcity in the area, said an environmental campaign group. Full Article