Stock market analyst Hitendra Vasudeo of stockmechanics.com maintained ‘Buy’ rating on Wipro to achieve an intraday target of Rs 440.20.

According to Mr. Vasudeo, interested investors can buy the stock around Rs 425.70-Rs 414 with a strict stop loss of Rs 410.

Today (July 20), the shares of the company opened at Rs 433.55 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 20.29 & 23.45 respectively. The share price has seen a 52-week high of Rs 460.90 and a low of Rs 181.70 on BSE.

Mr. Vasudeo said that if the stock markets remain positive today, then the next target for the day will be Rs 465.40.

Wipro Technologies, the international IT arm of Wipro Ltd, has introduced five new service lines that will assist clients address business challenges in the existing environment along with assuring them upfront cost savings.

In addition, the new launched services lines have been branded in sectors such as cost savings, asset rationalization, IT integration in amalgamation and acquirement and transformation among others.

Wipro Technologies, on July 02, has appointed Martha Bejar as President, Global Sales and Operations.

Bejar was the Corporate Vice President for the Communications Sector at Microsoft Corp. (MSFT) and President of Nortel's Caribbean and Latin America regions.

In her new position, Bejar will concentrate on the worldwide 'Go to Market' policy.

Two Indian biggies including Wipro and TCS made independent attempts to buy the European business of software major BearingPoint, but only to be hit by the US-based Perot Systems that came out as a front-runner.