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UBS raises Wipro to 'buy' on improving revenue outlook

Source : REUTERS
Last Updated: Thu, Jan 17, 2013 03:30 hrs

MUMBAI, Jan 17 (Reuters) - 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. (Reporting by Rafael Nam and Abhishek Vishnoi; Editing by Subhranshu Sahu)


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