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 Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Full Article