Analyst Rating
based on 41 analysts
14.63%
Buy
26.83%
Hold
58.54%
Sell
Based on 41 analysts offering long term price targets for Wipro Ltd. An average target of ₹502.93
Source: S&P Global Market Intelligence
Wipro Ltd Share analysis
Wipro Ltd price forecast by 41 analysts
Downside of
High
₹640
Target
₹502.93
Low
₹385
Wipro Ltd target price ₹502.93, a slight downside of -8.87% compared to current price of ₹538.15. According to 41 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Wipro Ltd revenue growth forecast
Expected growth rate Q1, FY2026:7.06%
Forecast
Actual
Including amortisation and stock based compensations
Wipro Ltd EPS growth forecast
EPS estimate Q1, FY2026:19.63%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹532.65₹549.0552 Week's Low
52 Week's High
₹375.05₹579.9
| Returns % | |
| 1 Month Return | + 6.19 % |
| 3 Month Return | + 12.21 % |
| 1 Year Return | + 26.55 % |
| Market Stats | |
| Previous Close | ₹551.90 |
| Open | ₹549.05 |
| Volume | 83.33L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹2,88,711.80Cr |
Key Statistics
| P/E Ratio | 25.79 |
| PEG Ratio | 198.38 |
| Market Cap | ₹2,88,711.80 Cr |
| P/B Ratio | 4.34 |
| EPS | 21.27 |
| Dividend Yield | 0.21 |
| Sector | IT - Software |
| ROE | 15.13 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹2,88,711.80 Cr | 25.18% | 0.57 | ₹11,112 Cr | ₹89,760 Cr | ||
| HOLD | ₹1,91,201.96 Cr | 61.42% | 0.54 | ₹4,584 Cr | ₹35,517 Cr | |
| HOLD | ₹4,92,191.01 Cr | 48.54% | 0.53 | ₹15,710 Cr | ₹1,09,913 Cr | |
| BUY | ₹16,30,183.60 Cr | 22.14% | 0.54 | ₹46,099 Cr | ₹2,40,893 Cr | |
| HOLD | ₹1,61,556.66 Cr | 26.08% | 0.55 | ₹2,396 Cr | ₹51,995 Cr |
Company Information
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: ₹538.15 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹2,88,711.80Cr as of today
Revenue: ₹21,963.80Cr as on June 2024 (Q2 24)
Net Profit: ₹3,036.60Cr as on June 2024 (Q2 24)
Listing date: 21 Dec, 1994
Chairperson Name: Rishad Azim Premji
| Organisation | Wipro Ltd |
| Headquarters | Bangalore |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Wipro Ltd
Wipro Shares Decline Amidst Mixed Market Sentiment - 18 Sep, 2024
Wipro shares dropped 3% to Rs 537.10, despite a year-to-date rise. JM Financial recommends buying with a target of Rs 620, while market experts suggest accumulating on dips. The IT sector is under pressure ahead of the Fed meeting, with Wipro facing resistance at Rs 557 and support at Rs 530.
Wipro Announces Salary Hikes Amid Tech Slowdown - 17 Sep, 2024
Wipro Ltd will implement an average 8% salary hike for top performers starting September 2024, benefiting 75% of offshore employees. The company also introduced a new office attendance policy linked to leave management.
Wipro Implements Strict Office Attendance Policy - 16 Sep, 2024
Wipro has introduced a new policy requiring employees to work from the office at least three days a week, with penalties for non-compliance. This follows significant earnings reported by Azim Premji through dividends and share buybacks in FY24.
Wipro Shares Surge Amid Mixed Analyst Sentiment - 13 Sep, 2024
Wipro shares experienced a notable surge despite Kotak's Sell rating, as the company mandates in-office work and reports improving growth in the US. The stock's rise reflects investor optimism about its turnaround strategy.
Wipro Partners with JFK Terminal on Cloud Strategy - 12 Sep, 2024
Wipro is collaborating with JFK International Air Terminal to develop a cloud data strategy leveraging Microsoft's Azure Data Platform, enhancing passenger experience and operational efficiency.
Wipro Enhances JFK Terminal Operations with AI Solution - 11 Sep, 2024
Wipro is implementing an AI-enabled data analytics solution for JFK International Air Terminal, focusing on operational excellence, passenger queuing, and sustainability metrics over a three-year project.
Wipro Faces Skepticism Despite Q1 Profit Increase - 09 Sep, 2024
Wipro reported an increase in Q1 FY25 consolidated net profit but remains under skepticism, with 24 Sell calls from brokerages. Citi Research's disappointing Q2 guidance suggests potential revenue decline, leading to a majority Hold/Sell ratings.
Wipro Launches Santoor Scholarship for Girls - 08 Sep, 2024
Wipro Consumer Care and Wipro Cares have launched the Santoor Scholarship Programme, inviting applications from underprivileged girl students for financial assistance to pursue higher education in the 2024 financial year.
Wipro Partners with JFKIAT for Sustainability Goals - 06 Sep, 2024
Wipro Ltd has been enlisted by JFK International Air Terminal to assist in achieving sustainability goals, aiming to reduce greenhouse gas emissions by 50% by 2030.
Wipro Reports Revenue Growth and Sustainability Partnership - 05 Sep, 2024
Wipro's healthcare sector saw a 7% YoY revenue increase, contributing 13.9% to overall revenue. Additionally, Wipro partnered with JFKIAT to cut emissions by 50% by 2030.
Wipro trades down - 04 Sep, 2024
Nifty IT index slips into red as US slowdown worries weigh; Wipro
Wipro Stock Breakout and Leadership Change Announced - 02 Sep, 2024
Wipro's stock shows positive momentum, breaking out from an inverse head-and-shoulders pattern with a target of Rs 610. Additionally, Srikumar Rao is appointed as the Global Head of Engineering Edge Business Line, effective October 5.
Wipro's Hiring Plans and Leadership Changes Announced - 31 Aug, 2024
Wipro emphasizes onboarding fresh talent, planning to hire 10,000-12,000 associates in FY25. Srikumar Rao appointed as Global Head of Engineering Edge. Employees engage in community service.
Wipro Announces Leadership Changes and Hiring Plans - 30 Aug, 2024
Wipro Ltd is ramping up campus hiring to 22,000 freshers for FY25, focusing on non-IIT colleges. Srikumar Rao has been appointed as Global Head of Engineering Edge, effective October 2024, succeeding Harmeet Chauhan. The company is also integrating AI into its projects to enhance client services.
Wipro Strengthens AI Solutions and Healthcare Partnerships - 29 Aug, 2024
Wipro is liquidating its subsidiary in China while showcasing strong performance in the IT sector. The company has partnered with major US healthcare payers to enhance AI-driven solutions, improving productivity and member experiences.
Wipro Revokes Job Offers, Expands AI Partnership - 28 Aug, 2024
Wipro has revoked job offers to freshers after 30 months due to eligibility issues. Additionally, it has expanded its collaboration with Dell Technologies to enhance AI solutions.
Wipro Enhances AI Solutions with Dell Partnership - 27 Aug, 2024
Wipro has expanded its collaboration with Dell Technologies to integrate AI enterprise solutions, enhancing cost control and accelerating AI adoption across various environments. The partnership aims to provide enterprises with advanced technology and governance capabilities.
Wipro Extends Partnership Amidst Stock Decline - 23 Aug, 2024
Wipro has extended its partnership with John Lewis Partnership to enhance IT infrastructure, but shares fell despite a 25% rise over the past year. Additionally, Rizing Management LLC, a subsidiary, has been voluntarily liquidated.
Wipro Expands Manufacturing and IT Services - 22 Aug, 2024
Wipro Hydraulics inaugurated a Rs 250 crore facility in Jaipur, enhancing production capacity and job creation. Additionally, Wipro secured a significant IT project with John Lewis Partnership, extending their collaboration for four years.
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.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 4 quarters, 2.64K Cr → 3.00K Cr (in ₹), with an average increase of 4.1% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 6.97% to 7.12% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, WIPRO stock has moved up by 7.3%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 9.37% to 9.38% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, HCL Technologies Ltd has given 42.1% return, outperforming this stock by 58.8%
- NO EFFECT
Against Peers
In the last 1 year, HCL Technologies Ltd has given 39.0% return, outperforming this stock by 12.4%
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 3.53% to 3.50% in Jun 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 72.89% to 72.82% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 22.86K Cr → 22.69K Cr (in ₹), with an average decrease of 0.7% per quarter
Wipro Ltd Infographics
Wipro Ltd Peer Comparison
Indian IT Giants- Competitor Analysis
News
IT stocks in focus as Infosys under investigation for alleged GST evasion
Following the development, the American depositary receipts (ADRs) of IT giant Infosys Ltd. ended 2.5% lower on NYSE.01 Aug, 2024 08:12 AMBreakouts Updates: Infosys Sees Bearish Price Breakout, Trades Below S2 at 1892.92 Rs
Discover the Infosys Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of Infosys with the latest details, including: Last traded price 1847.8, Market capitalization: 779351.98, Volume: 336777, Price-to-earnings ratio 29.1, Earnings per share 64.2. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of Infosys's performance. Stay informed about breaking news that can sway Infosys's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of Infosys. The data points are updated as on 01-08-2024 09:15 IST01 Aug, 2024 08:32 AMStocks To Watch: ITC, Tata Motors, Zomato, Adani Ent, Infosys, Bharat Forge, And Others
Stocks to watch: Shares of firms like ITC, Tata Motors, Zomato, Adani Ent, Infosys, Bharat Forge, and others will be in focus on Thursday's trade.01 Aug, 2024 08:56 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 72.82% | ||
| Foreign Institutions | 7.12% | 2.20 | |
| Mutual Funds | 3.5% | ||
| Retail Investors | 9.38% | 0.16 | |
| Others | 7.19% |
Key Indicators
Wipro Ltd Valuation
Wipro Ltd in the last 5 years
Lowest (9.72x)
March 19, 2020
Today (25.79x)
September 17, 2024
Industry (40.93x)
September 17, 2024
Highest (32.89x)
September 6, 2021
Earnings and Dividends
Wipro Ltd Earnings Results
Wipro Ltd’s net profit jumped 4.64% since last year same period to ₹3,003.20Cr in the Q1 2024-2025. On a quarterly growth basis, Wipro Ltd has generated 5.95% jump in its net profits since last 3-months.
Read More about Earnings ResultsWipro Ltd Dividends January,2024
In the quarter ending December 2023, Wipro Ltd has declared dividend of ₹1 - translating a dividend yield of 0.36%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
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 ₹538.15
Wipro Ltd is listed on NSE
Wipro Ltd is listed on BSE
- Today’s highest price of Wipro Ltd is ₹549.05.
- Today’s lowest price of Wipro Ltd is ₹532.65.
PE Ratio of Wipro Ltd is 25.79
PE ratio = Wipro Ltd Market price per share / Wipro Ltd Earnings per share
Today’s traded volume of Wipro Ltd(WIPRO) is 83.33L.
Today’s market capitalisation of Wipro Ltd(WIPRO) is ₹288711.8Cr.
| Wipro Ltd(WIPRO | Price |
|---|---|
52 Week High | ₹579.9 |
52 Week Low | ₹375.05 |
Wipro Ltd(WIPRO) share price is ₹538.15. It is down -7.20% from its 52 Week High price of ₹579.9
Wipro Ltd(WIPRO) share price is ₹538.15. It is up 43.49% from its 52 Week Low price of ₹375.05
| Wipro Ltd(WIPRO | Returns |
|---|---|
1 Day Returns | -13.75% |
1 Month Returns | 6.19% |
3 Month Returns | 12.21% |
1 Year Returns | 26.55% |