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

Indian Markets

Indian Markets

Nifty marks record high, tracks higher global shares.  Full Article 

Tracking Asia

Tracking Asia

Asian shares hitch a ride on Wall Street's record  Full Article 

Commodities

Commodities

Gold near two-month low; set for weekly drop on interest rate fears  Full Article 

RBI Annual Report

RBI Annual Report

RBI reiterates commitment to bring down inflation .  Full Article 

Monsoon Update

Monsoon Update

Monsoon to display lull as floods ease.  Full Article 

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Reuters India Mobile

Reuters India Mobile

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