Buy Wipro With Stop Loss Of Rs 420

Buy Wipro With Stop Loss Of Rs 420Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Wipro Limited stock with a five-day target of Rs 460.

The strict stop loss for the stock will be Rs 420.

The stock of the company, on Sep 21, marked its closure at Rs 435.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 451.80 and a low of Rs 327.85 on BSE.

Current EPS & P/E ratio stood at 20.03 and 21.91 respectively.

Wipro Technologies signed up a co-development initiative with Oracle to jointly build up a product lifecycle management solution for the consumer packaged goods business.

India's biggest Public Sector Bank Central Bank of India and IT giant Wipro declared a 5 year total outsourcing deal to offer up modern, technology-driven, core banking solution for 7 sponsored Regional Rural banking institutions. One of them Uttar Bihar Gramin Bank is the largest Regional Rural banking institution in the country and has a vast attendance in Bihar.

The deal is of vital importance to Central Bank of India to attain its, aim of financial inclusion and introducing low-priced and resourceful banking services to the rustic masses.