Wipro Limited

Wipro Limited is a leading global information technology, consulting and business process services company. They harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognised globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. The financials of the company looks good, but bottom-line was in decline mode till FY18, RoNW is 17.27% and at CMP its looks fairly priced. Price difference is around 9% and acceptance ration as per current share holding for retail will be around 42.5%, but it may be possible that this ratio may go down as more people will buy Wipro for buyback and so we may expect the final acceptance ratio may be around 60% and profit may be 5%. So we give SUBSCRIBE rating to this buyback.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal