Technical analyst Anil Singhvi has maintained 'buy' rating on Wipro Limited stock to achieve an intraday target of Rs 475.

According to analyst, the investors can purchase the stock with a stop loss of Rs 437.

The stock of the bank, on January 24, closed at Rs 444.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 499.90 and a low of Rs 327.25 on BSE.

Current EPS & P/E ratio stood at 20.93 and 21.26 respectively.

IT bigwig Wipro's plan to strengthen its actions in the aerospace engineering segment, Toyota Kirloskar's in car making and fresh proposal from Mahindra Aerospace for establishing aerospace component making and US-based Tyco Electronics' to build connector cables were all sanctioned by the state high level clearance committee led by Karnataka CM B S Yeddyurappa.

The company's consolidated revenue surged 12% to Rs 7,829.3 crore for the three month period ended December 2010 as against the same period of 2009, when it was Rs 6,938 crore.

Wipro's net profit increased 10% to Rs 1,318.8 crore from Rs 1,203.2 crore during Oct-Dec 2009.

Company's CFO Suresh Senapaty stated that the operating margins for the IT services biz remained flat.

As on December 31, the company had cash and cash equivalents worth Rs 6,487.8 crore.

Wipro declared net hiring of 3,591 people, taking the overall headcount to 1,19,491.

Wipro chairman Azim Premji said, "We are growing slower than competition."