Wipro507685IT services
Analyst Parag Thakkar discussed Wipro's muted Q2 results and weak Q3 guidance, saying the stock has limited downside at current valuation
By ScoutQuest · · 1 min read
- Trailing PE multiple
- 13-14 times
Heard on business television between 08:49:25 - 08:52:25 IST.
- Parag Thakkar said Wipro's revenue decline was less than expected and was flat.
- He noted deal wins were muted and guidance for Q3 was weak despite some large deals postponed from Q2 to Q3.
- Stock trades around 13-14x trailing earnings with good cash flow generation, he said.
- He argued there is nothing to lose in Wipro at this price given low valuation and AI trade reversing.
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The call above is Parag Thakkar's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.