Stock market analyst Hemen Kapadia has maintained 'sell' rating on Wipro Ltd stock with stop loss of Rs 411.

According to analyst, the investors can sell the stock at Rs 407 with intra-day target of Rs 399.

Today, the stock opened at Rs 404 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 451.80 and a low of Rs 217.38 on BSE.

Current EPS & P/E ratio stood at 18.82 and 21.57 respectively.

The company is likely to raise head count to fulfill the increasing demand from all sides.

Wipro Ltd has decided to employ more locals to push for more revenues from abroad operations.

The report said that around 39% of its staff abroad are local hires and is planning to raise around 50% in local geographies by 2015.

Wipro, on June 18, declared that Shyam Saran, former foreign secretary, Government of India is joining its board.

The appointment of Saran will be effective July 1, 2010.

Saran becomes part of 11 notable members of Wipro's board.