Sell Wipro Ltd For Target Rs. 200 by Motilal Oswal Financial Services Ltd
.jpg)
* IT services likely to report 0.3% CC growth, driven by a onemonth inorganic contribution from the Harman acquisition.
* Margins are likely to stay in a tight range (~16.3%), due to upfront requirements in large deal ramp-ups.
* Organically, we expect WPRO to report flat cc growth (midpoint of guidance. Europe is stabilizing from client issues faced; however, recovery is expected to be gradual.
* 2H is expected to outperform 1H, supported by strong deal closures in 1Q. Execution on ramp-ups will be a key monitorable.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412









