MARKET EYE-Nomura upgrades India's Wipro to 'buy' on outlook

Thu Feb 28, 2013 8:50am IST

Related Topics

Stocks

   

* Nomura upgrades India's Wipro Ltd to "buy" from
"neutral" and raises its target price to 490 rupees from 390
rupees.
* The investment bank cites expectation for "an imminent"
turnaround in growth on the back of an increase in its deal
pipeline and a more stable outlook for U.S. demand.
* Valuations discounts versus rivals Infosys Ltd and
Tata Consultancy Services Ltd also turn risk reward
more favourable, Nomura says. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage