Wipro Remains A Perennial 'Tactical Trade' In The Sector As The Excitement Generated

Wipro remains a perennial 'tactical trade' in the sector as the excitement generated in Q2/Q3FY19 has failed to carry on in Q4FY19 and Q1FY20. 

Wipro's relatively inferior positioning to keep growth prospects under check notwithstanding recent interventions, the brokerage said.

Emkay moderated its FY20/21 EPS estimates by 1/3 percent to around Rs 16/17. "Assume coverage with a sell rating and target price of Rs 240, based on 14x FY21E P/E."

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