Investec Keeps Their Hold Rating on Wipro Limited (WIPRO)
Investec analyst Nitin Padmanabhan maintained a Hold rating on Wipro Limited today and set a price target of INR272.00. The company’s shares closed today at INR235.75.
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According to TipRanks, Padmanabhan is a 4-star analyst with an average return of 11.8% and a 68.57% success rate. Padmanabhan covers the Technology sector, focusing on stocks such as Infosys Limited, LTIMindtree Limited, and Mphasis Limited.
Wipro Limited has an analyst consensus of Hold, with a price target consensus of INR258.46.
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 388.2K.
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.
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