Wipro rallies on Credit Suisse upgrade

Wipro, leading global IT company, rallied on Monday after global investment bank Credit Suisse upgraded the stock to 'outperform' from 'neutral'.

Credit Suisse also raised the target price of the company to Rs 415 from Rs 385.Shares ofthe companyare trading at Rs 344.85, up Rs 8.7, or 2.59% at the Bombay Stock Exchange (BSE) on Monday at 12:28 p.m. The scrip has touched an intra-day high of Rs 344.85 and low of Rs 337.70. The total volume of shares traded at the BSE is 65,473.In the earlier session, the shares lost 1.1%, or Rs 3.75, at Rs 336.15. Currently, the stock is trading down 23.79% from its 52-week high of Rs 452.50 and above 5.91% over the 52-week low of Rs 325.60.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 344.45 (8.30) (2.41) 1 Month 375.70 (39.55) (10.53) 3 Months 334.25 1.90 0.57 6 Months 405.10 (68.95) (17.02) 1 Year 372.80 (36.65) (9.83) Note: Based on previous day closing price.