For any meaningful rally, Wipro has to sustain over 560-575 for 615-650
Muted results and oil woes may be the laggards--
The Trade:
CMP: 542
Sell on rise around 555-570;
TGT: 525-505*-490-475 (1-3M)
TSL>575
Note: Consecutive closing above 575 for any reason Wipro may rally up to 585-600-615 & 650 area in the short/mid to long term.
As par BG metrics & current market parameters:
(based on consolidated TTM & FWD EPS)
Present median value of Wipro may be around: 605 (FY:15-16/TTM)
Projected fair valuations might be around: 640-675 (FY:17-18/FWD)
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | Low | High | Median | 200-DEMA | 10-DEMA |
| WIPRO | 36.25 | 150.16 | 18 | 608.64 | 597.43 | 603.03 | 567.72 | 547.01 |
| WIPRO | 36.85 | 178.05 | 18 | 613.65 | 602.36 | 608.00 | 567.72 | 547.01 |
| WIPRO | 40.95 | 211.25 | 18 | 646.89 | 634.98 | 640.94 | 567.72 | 547.01 |
| WIPRO | 45.5 | 250.35 | 18 | 681.88 | 669.33 | 675.61 | 567.72 | 547.01 |
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