WIT - Wipro: Focus On Peer's Performance And Long-Term Potential
2024-04-02 21:10:52 ET
Summary
- Wipro's upcoming quarterly results release could potentially be weaker than what the market anticipates, taking into account its peer's recent quarterly financial performance and management comments.
- On the flip side, WIT's long-term growth outlook is favorable, considering the rise of AI and the projected increase in Engineering, Research & Development or ER&D spending.
- Wipro's shares are rated as a Hold, after assessing the stock's valuations and evaluating the company's prospects for the near-term and long-run.
Elevator Pitch
Wipro Limited ( WIT ) is rated as a Hold....
Wipro: Focus On Peer's Performance And Long-Term Potential