Wipro Good Time to Invest Now? (2024)

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    Wipro (NS:WIPR) Limited is an Indian multinational corporation that provides information technology, consulting, and business process services. It was founded in 1945 and is headquartered in Bangalore, India. The company is listed on the National Stock Exchange of India and the Bombay Stock Exchange.

    As of the end of January 2023, Wipro's share price is trading around Rs. 400 per share, with a market capitalization of over Rs. 2.2 trillion. The company has consistently performed well in the stock market, with a strong track record of revenue and profit growth.

    One of the key factors contributing to Wipro's success is its focus on innovation and digital transformation. The company has invested heavily in developing new technologies and services to meet the changing needs of its clients. This has helped it to remain at the forefront of the rapidly evolving IT industry and maintain its position as a leading provider of IT services.

    Wipro also has a strong reputation for its corporate social responsibility initiatives. The company has established several programs aimed at improving people's lives in communities around the world, including initiatives in education, healthcare, and the environment. These efforts have helped to enhance Wipro's reputation and build a strong brand, which is one of its most valuable assets.

    In conclusion, Wipro Limited is a well-established and highly regarded company in the IT industry. Its strong financial performance, focus on innovation, and commitment to corporate social responsibility make it an attractive investment opportunity for many investors. While the stock market can be volatile, Wipro's solid track record and long-term prospects suggest that it is a company worth considering for anyone looking to invest in the IT sector.

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      Wipro Good Time to Invest Now? (2024)

      FAQs

      Should I invest in Wipro now? ›

      Asked about the IT stocks to buy now, Sandeep Pandey of Basav Capital said, "One should look at large-cap stocks only as they are expected to outperform mid-cap and small-cap IT stocks. So, I would advise long-term investors to look at buying TCS, Wipro, and Infosys shares.

      What is the long term outlook for Wipro? ›

      After the latest results, the 36 analysts covering Wipro are now predicting revenues of ₹920.3b in 2025. If met, this would reflect a satisfactory 2.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 9.9% to ₹23.26.

      What is the future prediction of Wipro stock? ›

      Wipro is forecast to grow earnings and revenue by 8.7% and 5.1% per annum respectively. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 15.4% in 3 years.

      Why Wipro shares are falling? ›

      Wipro's higher exposure to consulting (through Capco and Rizing) may likely been one of the factors, the brokerage said. Wipro reported earnings below expectations in the second quarter of this fiscal. It logged a marginal drop in its second quarter profit for the financial year 2023-24.

      Is Wipro a good buy for long term? ›

      Yes, you can invest in Wipro stocks for the long term. Wipro Limited is an Indian multinational corporation that provides information technology, consulting, and business process services.

      Is Wipro bullish or bearish? ›

      Technicals Summary

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

      What will Wipro stock price be in 2025? ›

      Wipro Share Price 2025 is predicted to remain between Rs 726 and Rs 480. What is the Wipro Share Price Prediction 2030? Wipro Share Price in 2030 is predicted to remain between Rs 1,480 and Rs 824.

      What is the prediction of Wipro in 2025? ›

      With favorable market conditions, the mid-year price target for Wipro Ltd could reach ₹583. By the end of 2025, the price target for Wipro Ltd is expected to potentially reach ₹695, considering bullish market trends.

      What will be Wipro share price after 5 years? ›

      Wipro Share Price Target 2029

      The maximum and minimum share price targets for the year 2029 are ₹1165 and ₹1325 respectively.

      Who is the largest shareholder of Wipro? ›

      Shareholders
      NameEquities%
      Azim Hasham Premji 72.89 %3,808,420,44972.89 %
      Life Insurance Corporation of India (Investment Portfolio) 4.587 %239,674,6294.587 %
      SBI Funds Management Ltd. 1.136 %59,351,2871.136 %
      Mirae Asset Investment Managers (India) Pvt Ltd. 0.4815 %25,158,6860.4815 %
      6 more rows

      Who owns Wipro shares? ›

      Listing and shareholding

      The American Depositary Shares of the company are listed on the New York Stock Exchange (NYSE) since October 2000. As of September 2023, the promoter group headed by Azim Premji held a 72.93% stake in the company, while the remaining shares were with public shareholders and an employee trust.

      What is the target price of Wipro? ›

      Stock price target for Wipro Limited WIPRO are 453.7 on downside and 463.85 on upside.
      Tomorrow Target 1451.82
      Tomorrow Target 2455.58
      Tomorrow Target 3461.96666666667
      Tomorrow Target 4465.73
      Tomorrow Target 5472.12

      Why is Wipro struggling? ›

      This points to a lack of internal controls and is linked with the new logo's bad energies (lack of coordination). Wipro is laying off several professionals to reduce operational expenses. But the question is “whether laying off employees a good solution?”.

      Why should I buy Wipro shares? ›

      Wipro | Recommendation: Buy | CMP: ₹447 | Target: ₹480/515 | Stop Loss: ₹414. The stock has formed an extended consolidation pattern on the weekly chart, signaling increased optimism. Additionally, the recent robust demand for this IT stock could further bolster its demand.

      Is Wipro undervalued or overvalued? ›

      Intrinsic Value. The intrinsic value of one WIPRO stock under the Base Case scenario is 417.03 INR. Compared to the current market price of 462.3 INR, Wipro Ltd is Overvalued by 10%.

      Is Wipro overvalued or undervalued? ›

      Intrinsic Value. The intrinsic value of one WIPRO stock under the Base Case scenario is 417.26 INR. Compared to the current market price of 459.9 INR, Wipro Ltd is Overvalued by 9%.

      What is happening with Wipro? ›

      Wipro reports 8% decline in Q4 net profit at ₹2,835 Crore

      Wipro reported a decrease of 6,180 workers during the quarter. Wipro's headcount fell by 24,516 in fiscal year 24.

      What is the share price prediction for Wipro in 2025? ›

      Wipro Share Price 2025 is predicted to remain between Rs 726 and Rs 480.

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