February 28, 2013 / 3:23 AM / in 4 years

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

1 Min Read

* 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)

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