Macquarie maintains ‘outperform’ rating on Wipro; sets target price at Rs 330 (17.2% upside from CMP)

Macquarie has reiterated its ‘outperform’ rating on Wipro, maintaining the target price at ₹330. The brokerage highlighted that Wipro’s margins were 106 basis points (bps) higher than its expectations, signaling operational efficiency.

Macquarie also noted that Wipro appears to be an easier firm to turn around compared to Tech Mahindra, indicating a favorable position for future growth. At the current market price (CMP) of ₹281.70, the target price implies a 17.2% upside potential.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with their financial advisor before making any investment decisions.