Maintain Buy on Wipro Ltd - PINC Visit Note

PINC Research met the management of Wipro recently to fathom the sustainability in demand environment for IT services.

- Near term outlook is positive
- Current quarter on track
- Shorter cycles of spending
- Diversification of services in troubled verticals
- Hiring trends
- Salary increase

We maintain 'BUY' on the stock with a target price of Rs500.

Source : Equity Bulls

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