|Company name||Wipro Limited (ADR)|
|Live stock price||[stckqut]WIT[/stckqut]|
|P/E compared to competitors||Fair|
|Confident Investor Rating||Good|
|Target stock price (TWCA growth scenario)||$13.54|
|Target stock price (averages with growth)||$19.17|
|Target stock price (averages with no growth)||$17.09|
|Target stock price (manual assumptions)||$13.34|
The following company description is from Google Finance: http://www.google.com/finance?q=wit
Wipro Limited (Wipro) is a global information technology (IT), services company. Wipro provides a range of IT services, software solutions and research and development services in the areas of hardware and software design to companies worldwide. It uses its development centers located in India and worldwide, quality processes and global resource pool to provide IT solutions and deliver time-to-market and time-to-development advantages to its clients. It also provides business process outsourcing (BPO) services. The Company operate in three segments: IT Services business segment, IT Products business segment and Consumer Care and Lighting business segment. On June 10, 2011, it acquired the global oil and gas information technology practice of the Commercial Business Services Business Unit of Science Applications International Corporation Inc. along with 100% interest in SAIC Europe Limited and SAIC India Private Limited. In June 2013, the Company acquired a minority stake in Axeda Corp.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Wipro Limited (ADR) as long as the price is correct. Most of the fundamentals of Wipro Limited (ADR) are good, in fact the company ranks as a Good company, but there are some concerns with the price of the stock and if it can truly appreciate enough to get a good return on an investment. For this reason, I am not going to add it to my Watch List.
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