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Tech view: How to trade Wipro post $1.45 billion acquisition of Capco

A breakout may lead the stock to Rs 480 and Rs 500 levels

Topics
Wipro | Buzzing stocks | Stock to watch

Avdhut Bagkar  |  Mumbai 

Shares of Wipro, on Friday, dipped over 3 per cent on the BSE to Rs 421.30 after the company announced its biggest-ever buyout worth $1.45 billion (over Rs 10,500 crore) of London-headquartered Capco.

Most brokerages retained their 'Neutral' to 'Negative' stance on the IT bellwether with some even slashing their targets for the stock as they flagged integration and execution risks associated with the deal. "We see significant risks from this acquisition on account of a) integration risk due to Wipro’s weak track record and b) execution risk on challenges ...

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First Published: Fri, March 05 2021. 11:37 IST
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