WIPRO

WIPRO


Wipro needs no introduction. It is one of the best “A” group blue chip shares. The company’s substantial revenues come from Software exports and other technology related products including BPO etc. The company has also got a consumer care division with products like lighting, soaps (Santoor soap) etc.

The company has a share capital of Rs.292 crores made up of about 146 crore equity shares of Rs.2.00 each. Of the above, holdings of the promoters’, institutions and other body corporates make up over 90%. The remaining about 10% or 14 crore equity shares are in the market. A sizeable portion of this is held by some die-hard fans of Wipro who do not want to part it because they regard it as family jewel.

The company ended up the FY 09 with a consolidated profit of about 3900 crores, with an EPS of 26.81. The company has got long term orders from various groups within India and abroad also. The Company has got a substantial book value. The company has declared bonus on several occasions, the last being in 2005. Even now it is a bonus candidate.

Conservative investors can enter Wipro at the current levels for a longer term basis, with a profit aim of 30-40 percent in 18 months time. If the share falls drastically, they may use the best judgement and average out. Shares of Wipro should be kept as a family jewel.

Kindly note :

a) We advise only regarding fundamentally strong and performing companies. The companies may be mostly profit making and in a few cases, they may be turn around companies.
b) Please go through our fundamental analysis carefully, verify the facts and figures (if you need to) and only then invest.
c) We expect investors to have a time horizon of at least one year and more.
d) We do not advise for short term investing, which is risky.
e) Despite all these, we do not take any responsibility for your financial matters. Investment is solely your decision.


(AJAY SINGH RATHORE)
KASHIWALA