CMP: 345

Wipro Limited specializes in IT and computer related technologies. The Group's services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. Wipro also has a presence in niche markets of consumer products.

Wipro is a decent bet in large-cap IT space trading at a P/E of little over 18 with dividend yields of nearly 2% in the last 12 months. It runs at a debt of little over 5,000 Crores with over 6,000 Crores of cash in hand. Revenues have risen from 17,461 Crores to 32,053 Crores in the last 5 years. Profits have risen from 3,063 Crores to 4,685 Crores in the last 5 years. Profit margins have dipped from 17% to less than 15% in the last 5 years, and hence is not a market leader in IT pack. But, it is still a decent bet for long term.