Wipro Q1 volume growth disappointing: Equirus Securities
By Prashant R Nair | Published On: July 24, 2012 09:40 (IST) | Duration: 1 min, 52 sec
Wipro, India's third largest software services firm reported muted growth in the June quarter. Net profit rose 6.6 per cent sequentially to Rs 1,580 crore in the June quarter against Rs 1,481 crore in the March quarter. That was lower than estimates of Rs 1,641 crore. Bhavin Shah, CEO, Equirus Securities told NDTV Profit that volume growth for Wipro is disappointing. "We have a short rating on Wipro with a target price of Rs 340," he said.