MUMBAI, Aug 29 (Reuters) - HSBC upgraded Wipro to
"overweight" from "neutral", saying the Indian software services
exporter was "competing effectively" for large deals, and adding
the company is well positioned to improve sales after its
"We believe with continued investments in sales and client
partners, deal wins will start to improve from 2QFY13 and
results in terms of better growth should be visible in 2HFY13,"
HSBC said in a note dated on Wednesday.
HSBC also upgraded its target price on the stock to 420
rupees from 380 rupees. Wipro shares were last up 0.1 percent at
(Reporting by Manoj Dharra and Rafael Nam; Editing by Sunil