The inverted clock of Ashok Soota: Why India’s serial IT builder gets bolder with age
Wipro is in focus.
· LiveMint Companies
Most founders scale back as they grow older; Ashok Soota grew bolder. After building Wipro and taking both Mindtree and Happiest Minds public, the 83-year-old serial entrepreneur is funding an audacious new quest: decoding human ageing and the brain.
The analysis
Against that, the stock is -0.3% on the day at ₹159.14, and has returned -7.2% over three months. It sits 42% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Wipro is running 8.3 points behind its peers.
For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
In this story
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