Momentuminvesting5540

Wipro Ltd | A Strong IT Momentum Stock

Long
NSE:WIPRO   WIPRO LTD
Wipro Ltd | A Strong IT Momentum Stock

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company
Financial: strong
Market Cap = 2,41,673 Cr. ROCE = 17.7 % ROE b= 15.9 %

Debt to equity = 0.26 Promoter holding =72.9 % Quick ratio = 2.28

Current ratio = 2.29 Piotroski score = 5.00 Profit Var 3Yrs= 5.30 %

Sales growth 3Years = 14.0 % Return on assets = 10.1 %

you Can see clearly rounding bottom create and good consolidation already done since 2 years.
stock is at good price. also feb retracement is also support in level.

moreover all IT sector is ready become rocket bcz USA market is also in positive trend.

Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.

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