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Wipro Ltd

(WIPRO)

₹5690.29%

as on 04:01PM, 13 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Wipro Ltd Analyst Rating

based on 41 analysts

SELL

19.51%

Buy

21.95%

Hold

58.54%

Sell

Based on 41 analysts offering long term price targets for Wipro Ltd. An average target of ₹528.93

Source: S&P Global Market Intelligence

Wipro Ltd Share analysis

Wipro Ltd price forecast by 41 analysts

Downside of-7.04%

High

₹670

Target

₹528.93

Low

₹425

Wipro Ltd target price ₹528.93, a slight downside of -7.04% compared to current price of ₹569. According to 41 analysts rating.

Source: S&P Global Market Intelligence

Wipro Ltd Performance

  • Day's Low

    Day's High

    ₹565.55
    ₹573.6
  • 52 Week's Low

    52 Week's High

    ₹380
    ₹583.2
1 Month Return+ 3.54 %
3 Month Return+ 14.91 %
1 Year Return+ 45.28 %
Previous Close₹570.65
Open₹570.00
Volume56.96L
Upper Circuit-
Lower Circuit-
Market Cap₹2,97,679.25Cr

Wipro Ltd Key Statistics

P/E Ratio25.31
PEG Ratio25.06
Market Cap₹2,97,679.25 Cr
P/B Ratio4.34
EPS21.27
Dividend Yield0.21
SectorIT - Software
ROE15.13

Wipro Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
SELL₹2,97,679.25 Cr25.02%0.57₹11,112 Cr₹89,760 Cr
HOLD₹1,76,156.86 Cr52.96%0.54₹4,584 Cr₹35,517 Cr
HOLD₹5,06,030.70 Cr44.99%0.53₹15,710 Cr₹1,09,913 Cr
BUY₹15,01,632.95 Cr17.79%0.54₹46,099 Cr₹2,40,893 Cr
HOLD₹1,63,947.05 Cr24.19%0.55₹2,396 Cr₹51,995 Cr

About Wipro Ltd

Wipro Limited, a leading global information technology, consulting, and business process services company, operates primarily in the IT services sector. Founded in 1945 by M.H. Hasham Premji, Wipro has its headquarters in Bengaluru, Karnataka, and is registered under the Company Identification Number (CIN) L32102KA1945PLC020800. Over the years, Wipro has diversified its offerings to include IT consulting, system integration, cloud services, cybersecurity, and artificial intelligence, serving a broad range of industries from finance to healthcare.

Wipro operates across numerous countries, including the United States, the United Kingdom, Australia, and several European and Middle Eastern nations, solidifying its presence as a global IT services provider. The company also has several sub-brands, such as Wipro Digital and Wipro Infrastructure Engineering, that cater to specific market needs. Notably, Wipro was among the first Indian IT companies to achieve significant global recognition, and it has consistently ranked among the top global IT service providers.

Wipro's parent company is the Azim Premji Foundation, which holds a substantial stake in the organization. In recent years, Wipro has been actively involved in mergers and acquisitions, including the acquisition of Capco, a global management and technology consultancy, to strengthen its position in the financial services sector. These strategic moves have enabled Wipro to enhance its service portfolio and expand its global footprint, driving growth and innovation in the IT sector.

Share Price: ₹569.00 per share as on 13 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,97,679.25Cr as of today
Revenue: ₹22,301.60Cr as on September 2024 (Q3 24)
Net Profit: ₹3,226.60Cr as on September 2024 (Q3 24)
Listing date: 21 Dec, 1994
Chairperson Name: Rishad Azim Premji
OrganisationWipro Ltd
HeadquartersBangalore
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Wipro Ltd

  • Wipro's Positive Trends and Strategic Collaboration - 13 Nov, 2024

    Wipro demonstrates a bullish trend with key resistance and support levels identified. Additionally, the company collaborates with Forvia to enhance ADAS applications.

  • Azim Premji Acquires Significant Stake in Wipro - 11 Nov, 2024

    Azim Premji's private equity firm, Premji Invest, purchased a 1.6% stake in Wipro for ₹4,757 crore via an open market transaction, enhancing Wipro's market position.

  • Azim Premji Invests Heavily in Wipro Shares - 09 Nov, 2024

    Billionaire Azim Premji's Premji Invest purchased 8.49 crore shares of Wipro for Rs 4,754 crore. Wipro also reported revenue growth and increased headcount in Q2 FY25.

  • Wipro Gains from Google Partnership and Stake Acquisition - 08 Nov, 2024

    Wipro shares experienced a boost following the launch of the Google Gemini Experience Zone and positive market sentiment, alongside a significant stake acquisition by Premji Invest.

  • Wipro Partners with Google for AI Experience Zone - 07 Nov, 2024

    Wipro Limited has partnered with Google Cloud to launch the Google Gemini Experience Zone, aimed at accelerating AI adoption and providing tailored solutions for businesses.

  • Wipro Forms Strategic Partnership with RELEX Solutions - 06 Nov, 2024

    Wipro Limited has partnered with RELEX Solutions to enhance supply chain and retail planning for clients in the retail and Consumer Packaged Goods sectors using AI technology.

  • Wipro Reports Positive Q2 Results Amid IT Index Rise - 05 Nov, 2024

    Wipro's recent Q2 results indicate a positive outlook, supported by a significant rise in the BSE IT Index over the past six months.

  • Wipro Reports Earnings Amid Share Price Decline - 04 Nov, 2024

    Wipro's shares fell 2.15%, impacting its market cap by ₹6,083 crore, despite reporting a 21% YoY profit increase to ₹3,226.60 crore for Q2.

  • Wipro Partners with Microsoft and SAP for Migration - 31 Oct, 2024

    Wipro announced a strategic collaboration with Microsoft and SAP to enhance RISE with SAP migrations. Despite a broader IT index decline, Wipro shows potential for recovery.

  • Wipro Reports Strong Q2 and Strategic Collaborations - 30 Oct, 2024

    Wipro Limited announced a strategic collaboration with Microsoft and SAP for near zero cost migration to RISE with SAP. The company reported a 21% YoY profit increase in Q2, reaching Rs 3226.60 crore, with revenues at Rs 22,301.60 crore.

  • Wipro Stock Shows Positive Momentum and Buy Signals - 29 Oct, 2024

    Wipro Ltd is demonstrating positive momentum amid a mixed IT sector performance. Analysts recommend buying in the range of ₹558-555, targeting ₹590-600.

  • Wipro Report Highlights AI Investment Surge in Wealth Management - 28 Oct, 2024

    Wipro's report reveals a significant shift in wealth management towards AI, with IT budgets for AI expected to more than double from 16% to 37% in the next 3-5 years, emphasizing the need for strategic tech investments.

  • Wipro Liquidates Subsidiary and Reports Profit Jump - 26 Oct, 2024

    Wipro has liquidated its stepdown subsidiary Atom Solutions, LLC, to streamline operations. The company also reported a 14.3% QoQ net profit increase and announced a 1:1 bonus share issue.

  • Wipro Reports Margin Growth Amid Salary Hikes - 25 Oct, 2024

    Wipro's operating margin increased to 16.8%, up 30 basis points from the previous quarter. Despite recent salary hikes, the CFO anticipates further margin expansion. The company also added 978 employees in Q2, marking a second consecutive quarter of headcount growth.

  • Wipro Reports Growth and Strategic Partnerships - 23 Oct, 2024

    Wipro announces a strategic partnership with Wealthtime and GBST for a digital platform, while also reporting a 21.3% net income growth in Q3 2024, driven by record deal bookings. Additionally, Wipro collaborates with Ericsson to enhance Odido's billing experience on AWS.

  • Wipro Dismisses Insolvency Plea, Reports Strong Earnings - 22 Oct, 2024

    Wipro's insolvency plea was dismissed by NCLT. The company reported strong 2QFY25 earnings with revenue of USD2.6 billion and successful billing transformation for Odido customers.

  • Wipro Reports Q2 Gains Amid Cautious Outlook - 21 Oct, 2024

    Wipro's Q2 FY25 results exceeded expectations, leading to a share price increase and a bonus issue announcement. However, analysts express caution due to declining TCV and seasonal revenue pressures.

  • Wipro Announces Salary Hike Amid Workforce Changes - 20 Oct, 2024

    Wipro has implemented a merit salary increase effective September 1, 2024, just nine months after the last cycle. The company added 978 employees in Q3 but reported a year-on-year decrease in total headcount. Despite challenges, Wipro remains confident in maintaining margins.

  • Wipro Reports Profit Growth Amid Weak Revenue Guidance - 19 Oct, 2024

    Wipro's Q2 FY25 results show a 21.2% rise in net profit, but revenue guidance is weak due to seasonal factors. Total bookings declined, yet large deal wins increased. The company also added 978 employees during the quarter.

  • Wipro Reports Strong Q2 Results, Proposes Bonus Shares - 18 Oct, 2024

    Wipro's Q2 FY25 results exceeded expectations with a net profit of Rs 3,208.8 crore and a revenue increase of 1.5%. The company proposed a 1:1 bonus share issue, but guidance for Q3 remains cautious due to seasonal factors and challenges in key sectors.

Insights on Wipro Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, WIPRO has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, 2.64K Cr → 3.20K Cr (in ₹), with an average increase of 4.7% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, WIPRO stock has moved up by 1.2%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.50% to 4.15% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 22.69K Cr → 23.26K Cr (in ₹), with an average increase of 2.5% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 7.12% to 7.27% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 60.0% return, outperforming this stock by 73.4%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 72.82% to 72.80% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 9.38% to 8.78% in Sep 2024 quarter

News

Wipro to Enhance MAHLE's IT Infra with Hybrid Cloud

Wipro wins a multi-year contract from MAHLE to enhance its IT infrastructure with hybrid cloud solutions, enabling business agility and cost reduction.31 Jul, 2024 11:26 PM

Stocks in Focus Today: Vedanta, Tata Steel, Wipro, Infosys, BHEL, M&M, Tata Motors, Coal India

Stocks To Watch on August 1: Gift Nifty indicates a positive start for benchmark equity indices Sensex and Nifty on Wednesday. Around 7:45 AM, the index traded around 25,090. Meanwhile, take a quick look at our list of stocks to watch today., Markets News, ET Now01 Aug, 2024 07:58 AM

Wipro Share Price Live blog for 01 Aug 2024

Wipro Share Price Today Live Updates : Wipro stock price went up today, 01 Aug 2024, by 0.11 %. The stock closed at 521.5 per share. The stock is currently trading at 522.05 per share. Investors should monitor Wipro stock price closely in the coming days and weeks to see how it reacts to the news.01 Aug, 2024 08:03 AM
View More

Wipro Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹22,515.90Cr (-)₹22,205.10Cr (↓1.38%)₹22,208.30Cr (↑0.01%)₹21,963.80Cr (↓1.10%)₹22,301.60Cr (↑1.54%)
Net Income₹2,667.30Cr (-)₹2,700.60Cr (↑1.25%)₹2,858.20Cr (↑5.84%)₹3,036.60Cr (↑6.24%)₹3,226.60Cr (↑6.26%)
Net Profit Margin11.85% (-)12.16% (↑2.62%)12.87% (↑5.84%)13.83% (↑7.46%)14.47% (↑4.63%)
Value in ₹ crore
Details2021202220232024
Total Assets₹67,216.70Cr (-)₹81,151.70Cr (↑20.73%)₹86,635.80Cr (↑6.76%)₹82,795.30Cr (↓4.43%)
Total Liabilities₹21,975.10Cr (-)₹26,801.00Cr (↑21.96%)₹23,873.50Cr (↓10.92%)₹25,013.40Cr (↑4.77%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹9,068.10Cr (-)₹12,727.70Cr (↑40.36%)₹7,240.50Cr (↓43.11%)₹11,191.60Cr (↑54.57%)₹14,215.90Cr (↑27.02%)

Index Inclusions

BSE Tech

₹19,161.72

0.22 (42.58%)

Nifty100 Eq Weig

₹31,199.85

-1.79 (-567.05%)

BSE 100

₹24,867.08

0.16 (38.68%)

BSE 200

₹10,813.90

0.23 (25.35%)

S&P BSE 100 ESG

₹388.70

0.16 (0.63%)

S&P BSE SENSEX 50

₹24,822.05

0.11 (27.77%)

Nifty100 Quality

₹5,584.05

0.32 (18%)

NIFTY 50

₹23,588.80

0.13 (29.75%)

Nifty50 Value 20

₹13,512.75

0.07 (10.1%)

Nifty 200

₹13,235.65

0.26 (33.7%)

S&P BSE Dividend Stability

₹997.72

-0.03 (-0.32%)

Nifty100 Low Volatility 30

₹19,099.30

0.12 (23.65%)

Nifty LargeMidcap 250

₹15,290.10

0.34 (52.35%)

BSE 500

₹34,630.40

0.28 (96.82%)

S&P BSE 100 LargeCap TMC

₹8,773.31

-1.45 (-129.08%)

NIFTY 100

₹24,397.65

0.21 (50.65%)

NIFTY IT

₹42,542.40

0.41 (172.9%)

S&P BSE 250 LargeMidCap

₹10,251.79

0.24 (24.27%)

BSE IT Sector

₹42,215.82

0.34 (144.64%)

S&P BSE Largecap

₹9,132.35

-1.46 (-135.32%)

Nifty Services Sector

₹31,213.80

0.28 (86.3%)

Nifty 500

₹21,982.90

0.31 (67.95%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Wipro Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.8%
-0.02
Foreign Institutions
7.27%
2.15
Mutual Funds
4.15%
18.70
Retail Investors
8.78%
-6.35
Others
6.99%
-2.71

Wipro Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)96.83100.2119.3141.52142.65
Details20202021202220232024
Earning Per Share (₹)17.119.8422.3320.7121.27
Details20202021202220232024
Return On Equity %18.1121.9424.3715.6715.13
Details20202021202220232024
Return On Assets %14.5616.0615.0713.113.34

Wipro Ltd Valuation

Wipro Ltd in the last 5 years

  • Overview

  • Trends

Lowest (9.72x)

March 19, 2020

Today (25.31x)

November 13, 2024

Industry (39.40x)

November 13, 2024

Highest (32.89x)

September 6, 2021

LowHigh

Wipro Ltd Earnings and Dividends

  • Wipro Ltd Earnings Results

    Wipro Ltd’s net profit jumped 21.26% since last year same period to ₹3,208.80Cr in the Q2 2024-2025. On a quarterly growth basis, Wipro Ltd has generated 6.85% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Wipro Ltd Dividends January,2024

    In the quarter ending December 2023, Wipro Ltd has declared dividend of ₹1 - translating a dividend yield of 0.35%.

    Read More about Dividends

Wipro Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Wipro Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Wipro Ltd (WIPRO) share price today is ₹569

Wipro Ltd is listed on NSE

Wipro Ltd is listed on BSE

  • Today’s highest price of Wipro Ltd is ₹573.6.
  • Today’s lowest price of Wipro Ltd is ₹565.55.

PE Ratio of Wipro Ltd is 25.31

PE ratio = Wipro Ltd Market price per share / Wipro Ltd Earnings per share

Today’s traded volume of Wipro Ltd(WIPRO) is 56.96L.

Today’s market capitalisation of Wipro Ltd(WIPRO) is ₹297679.25Cr.

Wipro Ltd(WIPROPrice
52 Week High
₹583.2
52 Week Low
₹380

Wipro Ltd(WIPRO) share price is ₹569. It is down -2.43% from its 52 Week High price of ₹583.2

Wipro Ltd(WIPRO) share price is ₹569. It is up 49.74% from its 52 Week Low price of ₹380

Wipro Ltd(WIPROReturns
1 Day Returns
-1.65%
1 Month Returns
3.54%
3 Month Returns
14.91%
1 Year Returns
45.28%