CLSA Maintains a Buy Rating on Wipro Limited (WIT)

Group 1 - Wipro Limited (NYSE:WIT) is recognized as a promising penny stock by hedge funds, with a Buy rating maintained by CLSA analyst Sumeet Jain and a price target set at INR265 as of October 3 [1] - On September 15, Wipro announced an expanded partnership with CrowdStrike to launch Wipro CyberShield MDR, an AI-powered managed security service aimed at enhancing enterprise security operations [2] - The CyberShield MDR utilizes a modern Security Operations Center (SOC) to provide AI-driven automation, improved visibility, and increased efficiency in security operations [3] Group 2 - Wipro operates in various segments, including Information Technology Services, India State Run Enterprise Services, and Information Technology Products, positioning itself as a global player in IT, consulting, and outsourcing [3]