The document provides information on Wipro Limited, an Indian multinational IT consulting and services company. It details that Wipro has over 170,000 employees serving 900 Fortune 1000 companies in 67 countries. The company has a market capitalization of approximately $35 billion, making it one of India's largest publicly traded companies. Wipro focuses on sustainability and was ranked first in the 2010 Asian Sustainability Rating of Indian companies. For the fourth consecutive year in 2015, Wipro was recognized as the world's most ethical company by the Ethisphere Institute. The document also provides a technical analysis of Wipro's stock performance and recommends the stock as a "Buy".

1. WIPRO LTD.
 Wipro Limited (Western India Products Limited) is an Indian multinational Digital Strategy, IT Consulting and System
Integration services company headquartered in Bangalore, India. As of December 2015, the company has 170,664
employees servicing about 900 of the Fortune 1000 corporations and has operations in 67 countries. On 31 March
2015, its market capitalization was approximately $ 35 Billion, making it one of India's largest publicly traded
companies and seventh largest IT Services firm in the World
 Wipro's approach to sustainability is structured on enabling itself, as an organization, and its customers to be more
ecologically sustainable. It is driven by issues considered important to employees, India's current and future
generations, customers, investors, suppliers, and the community as a whole. Wipro has been ranked 1st in the 2010
Asian Sustainability Rating (ASRTM) of Indian companies and is a member of the NASDAQ Global Sustainability Index
as well as the Dow Jones Sustainability Index. In November 2012 Guide to Greener Electronics, Greenpeace ranked
Wipro first with a score of 7.1/10.
 In March 2015, Wipro has been recognized as the world’s most ethical company by US-based Ethisphere Institute
for the fourth consecutive year. Wipro won Gold Award for ‘Integrated Security Assurance Service (iSAS)’ under the
‘Vulnerability Assessment, Remediation and Management’ category of the 11th Annual 2015 Info Security PG’s
Global Excellence Awards. Wipro won 7 awards, including Best Managed IT Services and Best System Integrator in
the CIO Choice Awards 2015, India. Wipro Group of Companies: Wipro Ltd., Wipro Consumer Care & Lighting, Wipro
Infrastructure Engineering, Wipro GE Medical Systems Limited.
 Technical Outlook
 Looking at recent price action, stock has given decisive close above downward slopping trend line. From
Technical dimension, it is small positive development but it is backed up by strong positive cues. Since July
2014, stock has been taking consistent support at 530 level, connecting all the lows thereafter, it has formed
strong horizontal support line.
 Apart from this, stock has formed Hammer candlestick with above average volume, which is a bullish reversal
indication. Along with Hammer, stock has also formed Tweezer bottom pattern, which support the bullish
structure of the stock.
 Momentum Oscillator RSI has given break above its average line and it has taken support in the range of 38 to
40 level which is lower band of bullish zone. On Daily Chart, it has crossed it’s short term 21 days moving
average.
 As stock has formed strong technical set up, one can look forward for strong move upto 620 in few trading
days.
Company WIPRO
Recommendation Buy
Sector : IT Software
CMP : 562 & Upto 550
Price Potential : 620
Stop Loss (Closing Basis): 535
Mkt Cap (Rs. Cr.): 1,38,644
TTM EPS (Rs.) 33.50
TTM Sales (Rs. Cr.) 43,628
BVPS (Rs.) 164.16
Reserves (Rs. Cr.) 40,062
P/BV 3.42
PE 16.75
Bloomberg Code : WPRO:IN
Reuters Code : WIPR.NS
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: WIPRO LTD.
30th Jan, 2016
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: WIPRO LTD.
30th Jan, 2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of
the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in
checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any
person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as
the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking
makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are
subject to change without notice. The information and any disclosures provided herein are in sumAprily form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading
purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided
herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or
sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there
is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Disclaimer
Contact Us
Kunal Pamar (Research Associate)
kunal.pamar@choiceindia.com
PERFORMANCE TRACKER
www.choiceindia.comcustomercare@choiceindia.com
Kapil Shah(Research Associate)
kapil.shah@choiceindia.com
Amit Pathania (Research Associate)
amit.pathania@choiceindia.com
Vikash Chaudhri (Research Associate)
vikas.chaudhari@choiceindia.com
Date Lot Size
Type of
Call
Equity Initiated SL TGT Result % Return
Profit /
Loss
Total
Profit
21.11.15 1000 Buy BATAINDIA 480-492 455 580 Book Part Profit @ 532 on 26.11.15 8.10 40.00 40000
28.11.15 150 Buy GRASIM 3690-3737 3550 4150 Exit @ 3684 on 04.01.16 -1.42 -53.00 -7950
05.12.15 2100 Buy TATAMTRDVR 275-285 250 350 Book Part Profit @ 295 7.27 20.00 42000
12.12.15 200 Buy TCS 2360-2386 2290 2640 Exit @ 2380 on 04.01.16 -0.25 -6.00 -1200
19.12.15 7000 Buy ASHOKLEY 87.50-89.00 83 102 Open
26.12.15 12000 Buy RPOWER 53.10-54.70 50 66.5 Book Part Profit @ 59 on 31.12.15 7.85 4.30 51600
02.01.16 100 Buy PIIND 650-663 620 750 Book Part Profit @ 704.90 on 08.01.16 6.30 41.90 4190
09.01.16 4000 Buy POWERGRID 138-141 130 165 Open
16.01.16 500 Buy RELIANCE 1045-1073 980 1260 Open
23.01.16 600 Buy AMARAJABAT 805-820 770 920 Open
Total 128640
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd., ou=Research
Dept, email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.01.30 17:12:48 +05'30'