Sell Wipro, advises Ankur Rudra

Written By Unknown on Jumat, 20 Desember 2013 | 20.07

Dec 20, 2013, 05.55 PM IST

Ankur Rudra, vice president of institutional equities of Ambit Capital advises selling Wipro. "Our preference is Wipro over Infosys," he adds.

Tags  Ankur Rudra, Ambit Capital , Wipro, Infosys

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Sell Wipro, advises Ankur Rudra

Ankur Rudra, vice president of institutional equities of Ambit Capital advises selling Wipro. "Our preference is Wipro over Infosys," he adds.

Like this story, share it with millions of investors on M3

Sell Wipro, advises Ankur Rudra

Ankur Rudra, vice president of institutional equities of Ambit Capital advises selling Wipro. "Our preference is Wipro over Infosys," he adds.

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Ankur Rudra, vice president of institutional equities of Ambit Capital told CNBC-TV18, "We have a sell on Wipro . We think it is moving towards recovery. Our preference is Wipro over Infosys . It is a valuation call."

Wipro closed at Rs 548.95, up Rs 19.05, or 3.60 percent. It has touched a 52-week high of Rs 544.90.

The company's trailing 12-month (TTM) EPS was at Rs 23.72 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 22.96. The latest book value of the company is Rs 98.28 per share. At current value, the price-to-book value of the company was 5.54. The dividend yield of the company was 1.29 percent. 
 



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