New Buy Rating for Wipro Limited (WIPRO), the Technology Giant

Nomura analyst Abhishek Bhandari maintained a Buy rating on Wipro Limited today and set a price target of INR310.00. The company’s shares closed today at INR250.33.

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Bhandari covers the Technology sector, focusing on stocks such as Coforge Limited, HCL Technologies Limited, and Infosys Limited. According to TipRanks, Bhandari has an average return of 4.5% and a 52.50% success rate on recommended stocks.

In addition to Nomura, Wipro Limited also received a Buy from CLSA’s Sumeet Jain in a report issued today. However, on the same day, Bank of America Securities maintained a Sell rating on Wipro Limited (NSE: WIPRO).

The company has a one-year high of INR324.55 and a one-year low of INR225.05. Currently, Wipro Limited has an average volume of 369.5K.

Based on the recent corporate insider activity of 387 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WIPRO in relation to earlier this year.