MUMBAI Jan 17 UBS raised its ratings on Wipro Ltd 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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The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. Full Article | Full Coverage