Wipro as a company will continue to do well. It has a strategy for inorganic growth, and it has been going well for the last 2 years. But the increasing Rupee will put further pressure on profit margins. Further, Wipro has not been a star for investments since the floating stock in the market is limited given more than 70% is with the promoter.
The winners for next 3 years are the stocks from engineering, power, and construction. Currently, every investor is on a frenzy to accumulate L&T shares. Also looking good for long term are: ABB, BHEL, Siemens, Reliance Energy, RCOM, DLF, Adani, Punj Lloyd.
