Wipro's Internals Being Handled Extremely Well, New Ground Still To Be Broken


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Wipro, Ltd. (NYSE: WIT) has been successful in driving up its fixed price, ramping up non-linearity, drawing level with Infosys on pricing, and registering industry-leading EBIT margins in BPO, winning and executing integrated outsourcing deals in emerging markets and early, credible positioning in cloud computing, according to JP Morgan.A bolder go-to market strategy is needed, JP Morgan believes, for Wipro to face the downturn, where Wipro has not broken ground in creating distinctive offers with promising market potential or adopting a differentiated client engagement approach. JP Morgan maintains its Overweight rating and price target of Rs456.00, with the expectations that Wipro's growth will be less than that of Infosys/TCS in FY2011.Wipro, Ltd. closed yesterday at Rs411.65.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorLong IdeasNewsMarketsAnalyst RatingsInformation TechnologyinfosysIT Consulting & Other ServicesJP MorganTCSWipro