Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. Wipro's IT services EBIT margins came at 19.3% (+30bps QoQ) in 2Q21 slightly ahead of our and street estimates 19% underscores the new CEOs focus of profitable growth.... We initiate coverage on Wipro Ltd (Wipro) with a BUY rating and target Price of Rs 432 valuing at 18x FY23E EPS. represents a downside of -18.81% Price target in 14 days: 371.828 INR. The company’s revenue was 2% over the last three months in constant currency terms, and its profit saw a … It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. The deal pipeline remains strong and sales activity is picking up driven by higher cloud adoption. For reprint rights: Times Syndication Service, ICICI Prudential Bluechip Fund Direct-Growth. The current share price is 388.10. Levels of 378.71, 370.55, 355.08, 331.3, 271.89 are share price targets for Wipro WIPRO Click … He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. Revenue growth of 2% QoQ CC was broad-based and guidance of +1.5 to +3.5% QoQ CC growth in 3Q is better than expectation. and regions (Asia, Africa, and South America 2-3% of revenues) to increase the focus on high-growth businesses. Experts & Broker view on Wipro … The company, like other IT companies, expects robust acceleration in digital technologies. Key positives include (1) strong guidance despite furloughs, (2) pick-up in deal activity/wins, (3) robust cash generation (OCF is ~179% of net income), and (4) buyback of Rs 95bn (4.2% of equity, ~30% of net cash) at Rs 400/share. The stock is very strong on technical pattern and is also my Santa pick,” Bansal said. The board has approved a proposal to buy back 23.75 crore shares, or 4.16% of the equity, at Rs 400 apiece, Wipro … As a result, new age technologies like cybersecurity (to protect business from work from home scenario), app development (to help customer transact virtually) and Cloud (to enable... We recommend BUY and assign 18x P/E multiple to its FY23E earnings of Rs. The 47 reports from 16 analysts offering long term price … (eg. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. - Buy->Hold). Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The company under the new leadership will increase focus on client mining/large deal wins, leveraging partner ecosystem and higher investments in talent. Wipro's (WPRO) analyst meet was focused on a slew of strategic changes being implemented by its new CEO. Wipro Weekly share price target downside target 1: 382.62; Wipro Weekly share price target downside target 2: 377.13; Wipro Weekly share price target upside target 1: 392.17; Wipro Weekly share price target upside target 2: 396.23; If the price of Wipro is trading below 386.68 then possibility of downside targets getting achieved is higher. Shift from traditional 3 axes model to 2 axes model lead to reduction of P&Ls; from 25 to 4 driving in sizable savings. For accelerating growth, the CEO's focus is on large deals, client mining,... bold management initiatives as initial signs of trajectory reversal. Creation of a global account executive (GAE) role would help WPRO better address long-standing issue in client mining and retention. Our target price of Rs 390 is based on 18x Sep-22E EPS. In our view, streamlining P&L; to four SMUs (v/s 20 P&Ls; earlier) should free... We increase our FY22/23E EPS by +2.6/4.7% and target multiple to 18x (vs. 16x earlier) to factor growth acceleration. I think it will increase in the coming week and will cross resistance level of 333 within next week. The current market price of Wipro Ltd. is Rs 385.2. Wipro share price is down by over 6% despite having posted stable quarterly earnings. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. - Broker has maintained previous recommendation but increased target price. Sharekhan is bullish on Wipro recommended buy rating on the stock with a target price of Rs 450 in its research report dated November 18, 2020. Geographically, Wipro expects faster growth from Europe & APMEA region while vertically it expects growth from BFSI, retail & consumer, energy & utilities and manufacturing. The 47 reports from 16 analysts offering long term price targets Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. (Its revenue for the year ended in March was $8.1 billion.) Wipro (WPRO) delivered an upbeat QoQ performance in Q2FY21 with 2% CC revenue growth, ahead of our estimate of 1%. The stock is trading at 18.2/16.8x FY22/23x, which is ~20% premium to 5Y average P/E multiple. Never miss a great news story!Get instant notifications from Economic TimesAllowNot now, BSE:507685  |  NSE:WIPROEQ  |  58888:wipro  |  IND:IT Consulting & Software - Large Cap  |  ISIN code:INE075A01022  |  SECT:IT Software. Wipro Ltd share price zoomed 15 percent on Wednesday after the IT major reported 2.8 percent sequential rise in consolidated net profit for the first quarter of 2020. They include oil and gas, automotive, aerospace and … The company expects the shift to four Strategic Market Units and two Global Business Lines to help streamline operations and increase its focus outside of the US. Talking about CDSL share price, Rakesh Bansal said, “The stock should be bought with a stop-loss of Rs 503, while first target of the stock is Rs 526, its second target is Rs 533. Wipro Ltd. share price forecast The 44 reports from 16 analysts offering long term price targets for Wipro Ltd. have an average target of 349.27. The Prices page of Wipro Ltd.. captures the information on Price and Volume for a user defined time interval. You can switch off notifications anytime using browser settings. Sometimes the entry rate may be very far from the previous day close. Wipro Share Price, Wipro Stock Price, Wipro Ltd. Stock/Share prices, Wipro Ltd. Live BSE/NSE, F&O Quote of Wipro Ltd. with Historic price charts for NSE / BSE. These tips are updated every day, please check this page daily for new tips. P/E). The new CEO also highlighted his strategy of: 1) simplify operating model, 2) build talent at scale, 3) accelerate growth, 4) strengthen clients & partnership and 5) lead with business solution. (2 new), After a Late Start, Cipla Works to Expand the Global Business, TCS begins Q3 results season with a bang; net profit up 7.2% to Rs 8,701 cr, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? ICICI Direct has hold call on Wipro with a target price of Rs 435. All times stamps are reflecting IST (Indian Standard Time).By using this site, you agree to the Terms of Service and Privacy Policy. The current market price of Wipro Ltd. is Rs 385.2. - Sell->Hold). The new CEO has outlined new strategic direction, 1) accelerate growth, 2) strengthen clients and partnerships, 3) lead with business solutions, 4) build quality talent at scale, and 4) simplify the operating model. Wipro stock will be gaining good returns as company 's results are expected to be in positive trend. 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Wipro Ltd Share Price- Get Wipro Ltd Stock/Share prices. Wipro Stock Price Forecast, WIPRO stock price prediction. Wipro Share Price: Goldman Sachs downgrades stock; these are key risks © Provided by Zee Business Goldman Sachs values Wipro on a target P/E multiple of 14.3X (12-yr avg. Sometimes the entry rate may be very far from the previous day close. Shares are priced at $25.82, and the average price target of $59.19 suggests an upside potential of 132% for the next 12 months. 432 per share, an upside of 19%. : TCS, SBIN, News by Trendlyne Buy Wipro for 1st week of New Year. The best long-term & short-term Wipro share price prognosis for 2020, 2021, 2022, 2023, 2024, 2025 with daily 507685 exchange price projections: monthly and daily opening, closing, maximum and minimum stock price outlook with smart technical analysis Obsession with growth' has to now show up in numbers While the broad strokes of the strategy of the new CEO, Thierry Delaporte, were revealed post 2QFY21 results, the new organizational structure (to be implemented from 1 January 2021) was revealed a week back and greater details of the strategy were shared at an analyst meet yesterday. Back RECORD wipro share price target | Wipro BUYBACK Acceptance Ratio as the new leadership increase... Are updated every day, please check this page daily for new tips a downside of -18.81 % from previous... Revenue and in-line margin performance 47 reports from 16 analysts offering long term price targets for Wipro the. 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Account executive ( GAE ) role would help WPRO better address long-standing issue in client mining and retention steps.

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