Wipro share price: Hold Wipro, target price Rs 360: Emkay Global

Emkay Global has hold call on Wipro with a target price of Rs 360. The current market price of Wipro Ltd. is Rs 376.7.

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 215396.50 Crore) operating in IT Software sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 15114.50 Crore, up 1.35 % from last quarter Sales of Rs 14913.10 Crore and down -.07 % from last year same quarter Sales of Rs 15125.60 Crore Company reported net profit after tax of Rs 2485.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74 per cent stake in the company as of Sept 30, 2020, while FIIs held 8.8 per cent, DIIs 7 per cent and public and others 10.2 per cent.

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