{"id":882163,"date":"2024-11-29T08:08:53","date_gmt":"2024-11-29T02:38:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=882163"},"modified":"2024-11-29T08:17:35","modified_gmt":"2024-11-29T02:47:35","slug":"wipro-poised-for-a-turnaround-says-nuvama-favourable-portfolio-mix-an-internal-ceo-inexpensive-valuations-to-bring-winds-of-change","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/29\/wipro-poised-for-a-turnaround-says-nuvama-favourable-portfolio-mix-an-internal-ceo-inexpensive-valuations-to-bring-winds-of-change\/","title":{"rendered":"Wipro poised for a turnaround, says Nuvama; Favourable portfolio mix, an internal CEO, inexpensive valuations to bring winds of change"},"content":{"rendered":"<p>IT services major Wipro is at a crossroads once again\u2013 new CEO, new expectations, new hopes. However, Nuvama Institutional Equities said, there are two big differences this time: 1) its portfolio with higher exposure to discretionary spends is favourably placed to ride the macro recovery; and 2) the CEO this time is an internal lifer, looking to take the old guard along on the path of achieving growth on a par with peers. The current combination of a favourable portfolio, new CEO and inexpensive valuations, the report added, make for an attractive risk-reward profile. \u201cWe maintain our estimates and raise (and roll forward) target valuation to 25x FY27E PE (from 20x Sep-26 PE) on sharper growth recovery,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT services major Wipro is at a crossroads once again\u2013 new CEO, new expectations, new hopes. However, Nuvama Institutional Equities said, there are two big differences this time: 1) its portfolio with higher exposure to discretionary spends is favourably placed to ride the macro recovery; and 2) the CEO this time is an internal lifer, looking to take the old guard along on the path of achieving growth on a par with peers. The current combination of a favourable portfolio, new CEO and inexpensive valuations, the report added, make for an attractive risk-reward profile. \u201cWe maintain our estimates and raise [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-882163","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=882163"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882163\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=882163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=882163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=882163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}