5 Emerging-Market ADRs Outperforming Indices
5. Wipro Technologies (WIT), a global information technology services company, provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company structures its operations into three main segments: IT Services, IT Products, Consumer Care and Lighting. Last week, the stock rose 0.4% higher.
Of the 10 analysts covering the stock, 70% recommend a buy while 10% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 2.4% to $14.07 in the next 12 months.
Last week, the company unveiled that it has won an engagement with Chaucer Syndicates, a specialist insurer at Lloyd's -- the global leader in the insurance and reinsurance market -- to deliver a data warehouse and associated extract, transform and load (ETL) solution to ensure compliance and better analytics and improved management reporting for Chaucer.Also last week, Wipro was cited a leader in "The Forrester Wave: SAP Services Providers, Q2 2011 (April 2011)" as it has some of the strongest skills of SAP service Indian providers. >>To see these stocks in action, visit the 5 Emerging-Market ADRs Outperforming Indices portfolio on Stockpickr.
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