UBS raises Wipro to 'buy' on improving revenue outlook

Last Updated: Thu, Jan 17, 2013 04:04 hrs

UBS raised its ratings on Wipro Ltd to "buy" from "sell", saying revenue momentum will start picking up from the October-December quarter, while a cyclical recovery could help speed up a recovery in the software services exporting sector.

UBS also raised its 12-month price target to 510 rupees from 340 rupees.

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