Wipro Limited is a leading global provider of IT services, including Business Process Outsourcing (BPO). It also operates in other sectors such as IT Products, Consumer Care and Lighting, and Infrastructure Engineering. Headquartered in India, Wipro has a strong international presence, delivering a wide range of technology and business solutions to clients worldwide.
Previous Close
534.10
TTM EPS
21.12
52 Week High
564.80
TTM PE
26.52
52 Week Low
375.05
P/B
3.94
Sector PE
33.93
Mkt Cap (Rs. Cr.)
2,92,979
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
WIRPO has given Cup and Handle breakout with a strong buying force and above-average volumes after a 1-week consolidation on the weekly chart.
Momentum indicator RSI (14) has formed a rounding pattern on the weekly chart. RSI is above 55 marks confirming the bullish momentum.
Stock is trading above major EMA on daily and weekly charts confirming the overall bullish view.
RITES Ltd is a multi-disciplinary consultancy organization. The company’s operating segments include Consultancy Services, Leasing of railway rolling stock and equipment, Export of rolling stock, equipment, and spares, Turnkey Construction Projects, and Power Generation. The majority of its revenue comes from Consultancy Services. RITES operates in various sectors such as airports, highways, bridge and tunnel engineering, and industrial engineering, among others. Geographically, it derives the majority of its revenue from India.
Previous Close
722.05
TTM EPS
18.95
52 Week High
825.95
TTM PE
40.71
52 Week Low
371.10
P/B
7.11
Sector PE
42.70
Mkt Cap (Rs. Cr.)
18,539
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
RITES has given a symmetrical triangle breakout with above-average volumes on the weekly chart. Rites has come out of a 4-month consolidation.
Momentum indicator RSI (14) has come out of the rectangle formation and moved above the 61 mark. RSI is above 55 marks confirming the bullish momentum.
Stock is trading above major EMA on daily and weekly charts confirming the overall bullish view.
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