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Wipro Ltd share Price Today

Company details

475.30
483.05
352.00
545.90
6M Return 15.51%
1Y Return 32.90%
Mkt Cap.(Cr) 250,823.54
Volume 7,727,575
Div Yield 0.22%
OI
-
OI Chg %
-
Volume 7,727,575

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About The Stock

    Wipro is an IT, consulting & BPO player catering to BFSI, health, consumer, energy & utility, technology and communication.

    • With over 230000 employees, it serves clients across six continents
    • Consistent payout (~70%), healthy OCF to EBITDA ratio of ~89%
Q4FY22 Results

    Wipro reported weak Q4 numbers.

    • Revenue growth of 3.1% QoQ in CC terms, 2.9%QoQ in dollar term
    • EBIT margins were down 60 bps QoQ to 17%
    • It closed 37 large deals, TCV of US$2.3 billion (bn) in FY22

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Research view on more stocks

IT Consulting & Software company Wipro announced Q3FY24 results:

  • Gross revenue reached Rs 222.1 billion ($2.7 billion), a decrease of 1.4% QoQ.
  •  IT services segment revenue was at $2,656.1 million, a decrease of 2.1% QoQ.
  • Non-GAAP constant currency IT Services segment revenue decreased by 1.7% QoQ.
  • Total bookings were at $3.8 billion, up by 0.2% QoQ and large deal bookings were at $0.9 billion.
  • IT services segment EBIT for the quarter was Rs 35.4 billion ($425.8 million), a decrease of 1.8% QoQ.
  • IT services operating margin for the quarter was at 16.0%, down by 11 bps QoQ.
  • Net income for the quarter was at Rs 26.9 billion ($323.9 million), an increase of 1.8% QoQ.
  • Earnings per share for the quarter was at Rs 5.16 ($0.061 ), an increase of 2.0% QoQ.
  • Operating cash flows at 177.3% of Net Income for the quarter was at Rs 47.9 billion ($575.7 million).
  • Voluntary attrition has continued to moderate QoQ, coming in at a 10-quarter low of 12.3% in Q3FY24.
  • Interim dividend declared of Rs 1 ($0.0121 ) per equity share/ADS

“Our investments in people, processes, and business operations are continuing to pay off,” said Thierry Delaporte, CEO and Managing Director. “In a seasonally soft quarter, deal booking momentum remained strong. Our large deals recorded a 20 percent year-to-date growth. Further, we are starting to see early signs of a return to growth in Consulting, as demonstrated by the double-digit growth in order bookings in our Capco business.

He added, “Under our ai360 strategy, AI is now embedded across most of our existing solutions and client offerings. We’re deploying AI internally across all business and functional areas as well, with the goals of efficiency, productivity, and scale. We are confident that these investments will allow us to capitalize on emerging opportunities, as the macro environment improves.”

Aparna C. Iyer, Chief Financial Officer, said, “I am pleased with our rigor of execution across all financial metrics- revenue, margin, EPS, and cash flow. We are building a more resilient, agile, and efficient organization which has helped us sustain our margins at 16%, a 63 basis point improvement on a year-to-date basis despite revenue headwinds and absorbing the impact of the investments we are making for growth and people.”

Result PDF

View Other Company Results

Wipro Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (6)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • RSI indicating price weakness

Resistance and support

R1 483.7
R2 487.2
R3 491.4
Pivot

479.48

S1 475.9
S2 471.7
S3 468.2
EMA SMA
499.7
495.2
474.4
450.3
505.3
502.3
464.7
435.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 478.05 175224 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 478.05 174348 NSE
SOCIETE GENERALE Block Sell 2024-01-25 478.05 349572 NSE
Name Category Shares
AZIM H PREMJI PROMOTER 4.13%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING ZASH TRADERS PROMOTER 20.68%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING PRAZIM TRADERS PROMOTER 20.4%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING HASHAM TRADERS PROMOTER 16.92%
AZIM PREMJI TRUST PROMOTER 10.18%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 Apr 2023
Entry Price 385.00
Target Price 420.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Wipro Ltd Stocks COMPARISON

Financials( in Cr) Wipro Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd LTIMindtree Ltd
Price 480.10 3,876.30 1,498.05 1,543.55 4,938.40
% Change 1.65 0.92 0.96 -0.17 0.22
Mcap Cr 250,823.54 1,402,479.45 621,757.86 418,867.76 146,163.31
Revenue TTM Cr 90,487.60 225,458.00 146,767.00 101,456.00 33,183.00
Net Profit TTM Cr 11,366.50 42,303.00 24,108.00 14,845.00 4,410.30
PE TTM 22.22 30.82 25.51 26.68 31.81
1 Year Return 32.90 24.15 7.85 46.80 8.35
ROCE 17.11 58.04 44.36 27.62 34.87
ROE 15.89 47.26 36.42 23.32 28.56
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 77,667.90 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
Wipro collaborates with IISc to offer MTech course in AI for employees

Mar 28, 2024 l BSE Announcement

Wipro Limited - Updates

Mar 28, 2024 l NSE Announcement

Wipro Limited - Updates

Mar 26, 2024 l NSE Announcement

Date Action Type Ratio
Jan 24, 2024 Dividend 50
Jan 24, 2023 Dividend 50
Apr 05, 2022 Dividend 250

Wipro Ltd Information

Stock PE (TTM)
22.22
Promoter Holding
72.9%
Book Value
132.8932
ROCE
17.11%
ROE
15.89%
Description
  • Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the world's first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The company's Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.

Registered Address

Doddakannelli, Sarjapur Road, Bangalore, Karnataka, 560035

Tel : 91-80-28440011
Email : info:wipro.com
Website : http://www.wipro.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 507685
NSE Code : WIPRO
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE075A01022

FAQ’s on Wipro Ltd Shares

You can buy Wipro Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Wipro Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 04:03 PM the closing price of Wipro Ltd was ₹ 480.10.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 04:03 PM, the market cap of Wipro Ltd stood at ₹ 250,823.54.

The latest PE ratio of Wipro Ltd as of Mar 28, 2024 04:03 PM is 22.22

The latest PB ratio of Wipro Ltd as of Mar 28, 2024 04:03 PM is 0.28

The 52-week high of Wipro Ltd share price is ₹ 545.90 while the 52-week low is ₹ 352.00

According to analyst recommendations, Wipro Ltd Share has a “Buy” rating for the long term.

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