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DBS Reaffirms Their Sell Rating on Wipro (WIT)

Tipranks - Tipranks - Fri Apr 24, 4:58AM CDT

DBS analyst Sachin Mittal maintained a Sell rating on Wipro today and set a price target of $2.02.

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According to TipRanks, Mittal is a 5-star analyst with an average return of 21.3% and a 68.14% success rate. Mittal covers the Technology sector, focusing on stocks such as Grab, Accenture, and International Business Machines.

Currently, the analyst consensus on Wipro is a Hold with an average price target of $2.20.

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Based on Wipro’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $246.13 billion and a net profit of $35.56 billion. In comparison, last year the company earned a revenue of $222.22 billion and had a net profit of $35.25 billion

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