Wipro Ltd Stock Quotes and Charts
Wipro bagged a massive 2400 crore deal from Aircel reports a business news paper.The deal by any standards is a huge one and once again re-iterates that Indian IT companies are on the look out for hefty deals and continue bagging the same.
Good deal Wipro's Infotech division bagged. This $600m deal is spread over 9 years as per news reports. most of the recent similar deals from Indian telecom companies have gone to IBM. With a lot more companies entering telecom business with no experience of managing<br>network and IT infrastructure, there will be many more similar contracts to follow for Indian IT companies.<br><br>I feel any thing below 500 is a good price to buy this stock for long term.<br>
Wipro net profit rises 8.82% in the December 2007 quarter.<br>Sales rise 22.07% to Rs 4357.00 crore.Net profit of Wipro rose 8.82% to Rs 804.10 crore in the quarter ended December 2007 as against Rs 738.90 crore during the previous quarter ended December 2006. Sales rose 22.07% to Rs 4357.00 crore in the quarter ended December 2007 as against Rs 3569.30 crore during the previous quarter ended December 2006. <br>
Wipro net profit rises 1.03% in the March 2008 quarter <br><br>Sales rise 39.27% to Rs 5275.10 crore <br><br>Net profit of Wipro rose 1.03% to Rs 827.30 crore in the quarter ended March 2008 as against Rs 818.90 crore during the previous quarter ended March 2007. Sales rose 39.27% to Rs 5275.10 crore in the quarter ended March 2008 as against Rs 3787.60 crore during the previous quarter ended March 2007. <br><br>For the full year, net profit rose 7.78% to Rs 3063.30 crore in the year ended March 2008 as against Rs 2842.10 crore during the previous year ended March 2007. Sales rose 27.60% to Rs 17461.20 crore in the year ended March 2008 as against Rs 13683.90 crore during the previous year ended March 2007. <br>
Azim Premji, backer of IT major Wipro, is believed to be investing $17 million (Rs 80 crore) to acquire a minority stake in Carnation Auto, a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India, reports Business Standard. <br>In addition to Premji, who will be investing through his investment arm, Premji Invest, IFCI ventures is reported as another investor in Carnation Auto, investing $5.9 million for a minority stake.<br> <br>Jagdish, who recently turned entrepreneur, plans to invest $213.8 million in the next five years to launch a country-wide multibrand, automobile sales and service network.
Buy only in the region 395-397 with a stop loss below 390 for an intra-day target of 408.
The stock reversed from the low of Rs 196 in March and has been going from strength to strength since then. The resistance at Rs 350 was shattered in July and the stock has also managed to close beyond the key intermediate-term resistance at Rs 500 last week. We need to set a filter of one more week to see if the stock holds above this critical level.<br>If it manages to do so, next medium-term target for the stock is its previous peak at Rs 690. Short-term investors can therefore hold the stock with a stop at Rs 500 while medium-term investors can buy in declines as long as it holds above Rs 425. Subsequent medium-term supports are Rs 380 and Rs 340.
<b>Buy@ Rs 443.25 For target of Rs 450 In Intra-day.</b><br><br>BTST Buy TCS @ 920 sl 913 tgt 930
Buy Wipro with a target of Rs 475 and stop loss of Rs 440,
<b>Buy@ Rs 413.50 For target of Rs 458 In 1 Month.</b><br><br>Buy Wipro @ 415.80, Stop loss 396.60 & Target 458
Why wipro is not able to compet in market...whats wrong with wipro.
Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
Equity Cash and F&O
Rs 499/Month,4999/Year for
Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
Free Equity Delivery Trades
Flat Rs 20 Per Trade for F&O
Rs 999 for Unlimited Trading
Brokerage: Intraday @ 0.02%, Delivery @ 0.15%
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