Wipro: Net Cash Equal to 24% of Its Market Cap, Deep Value or a Value Trap?
Wipro is India’s 4th largest IT services company. It is a high-quality company, as is evidenced by its 5yr average ROIC of 19% (27% excluding...
372 Views
Wipro (WIT) - Soaring ADR Premium Should Come Back to Earth
Over the last couple of months, the premium on Wipro Ltd Adr (WIT US) has soared from around 7% to reach a high of 31% and is trading at just over...
498 Views
Indian IT Services: 4Q FY2020 Results Overview and Valuation Update
In this insight I give a brief an overview of the recent reporting period, evaluate the potential impact from COVID-19 on these high-quality...
216 Views
Tata Consultancy Services: Premium at Excessive Levels, Pricing in Overly Optimistic Relative Growth
Tata Consultancy Services (TCS) is India’s largest IT services company. This bellwether is an extremely high-quality company as is evidenced by its...
335 Views
HCL Technologies: Doubts over Organic Growth, Eroding Returns, Drives Undeserved Discount Rating
HCL Technologies (HCLT) is India’s 3rd largest IT services company. It is a high-quality company, as is evidenced by its 5yr average ROIC of 23%...
322 Views