Wipro Intraday Buy Call

Wipro Intraday Buy Call Technical analyst Simi Bhaumik has maintained 'buy' rating on Wipro Limited stock with an intra-day target of Rs 475.

According to analyst, the investors can buy the stock with a stop loss of Rs 457.

The stock of the company, on March 28, closed at Rs 461 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 20.93 and 22.17 respectively.

The share price has seen a 52-week high of Rs 499.90 and a low of Rs 327.85 on BSE.

Wipro has announced pay increases for its staff.

According to sources, the company said that the increase is expected to be between 12-15% in 2011, which is a big increase as compared to 2010's 8% to 10%.

In a message to all employees, Wipro CEO T K Kurien guaranteed to present an update by the initial week of the coming month on the timing for wage hike process for the IT biz.

By April, the company will witness alterations in all strategic biz section, baselines as well as procedures.

Even as Emami and GCPL are tossing for Henkel India's biz, novel regional and national FMCG players have become the part of the race to get hold of the majority equity stake (50.97 %) in Henkel AG's Indian arm.

As per reports, Wipro Consumer Care has also joined the bidding procedure for Henkel AG's share in Henkel India.