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India - Politics, Industrials, IT and Large Caps, EMAlpha

Pankaj Sharma

India - Politics, Industrials, IT and Large Caps

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> has been the best performer among large cap IT stocks in September and the stock has done significantly better vs. others such as <a href="https://www.smartkarma.com/entities/18708" target="_blank" data-smartkarma-citation="entities:18708:1">Tata Consultancy Svcs (TCS IN)</a> , <a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> , <a href="https://www.smartkarma.com/entities/20025" target="_blank" data-smartkarma-citation="entities:20025:1">Hcl Technologies (HCLT IN)</a> and <a href="https://www.smartkarma.com/entities/8064" target="_blank" data-smartkarma-citation="entities:8064:1">Tech Mahindra (TECHM IN)</a>. We think that <a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> has a few interesting similarities with <a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a>. Over previous few quarters, the market has been betting on valuation gap closing between <a href="https://www.smartkarma.com/entities/18708" target="_blank" data-smartkarma-citation="entities:18708:1">Tata Consultancy Svcs (TCS IN)</a> and <a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> because of a potential turnaround in <a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> despite <a href="https://www.smartkarma.com/entities/18708" target="_blank" data-smartkarma-citation="entities:18708:1">Tata Consultancy Svcs (TCS IN)</a> delivering a more consistent performance. This has started to play out in case of <a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> too. While a very large contract announcement by <a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> was the trigger, we think it is too early to bet on hopes that a similar turnaround could happen in <a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> so quickly.</p>

Wipro Ltd (WPRO IN) has been the best performer among large cap IT stocks in September and the stock has done significantly better vs. others such as Tata Consultancy Svcs (TCS IN) , Infosys Ltd (INFO IN) , Hcl Technologies (HCLT IN) and Tech Mahindra (TECHM IN). We think that Wipro Ltd (WPRO IN) has a few interesting similarities with Infosys Ltd (INFO IN). Over previous few quarters, the market has been betting on valuation gap closing between Tata Consultancy Svcs (TCS IN) and Infosys Ltd (INFO IN) because of a potential turnaround in Infosys Ltd (INFO IN) despite Tata Consultancy Svcs (TCS IN) delivering a more consistent performance. This has started to play out in case of Wipro Ltd (WPRO IN) too. While a very large contract announcement by Wipro Ltd (WPRO IN) was the trigger, we think it is too early to bet on hopes that a similar turnaround could happen in Wipro Ltd (WPRO IN) so quickly.

Wipro Ltd (WPRO IN)는 시장의 새로운 Infosys Ltd (INFO IN)일까요?