In the Jan month 2022, all the stocks in the IT sector crashed, and it took also 2 years the recover. Stocks like TCS, HCL, Infosys, etc. created a new all-time high or trading close to their all-time high. On the other side, Wipro stock is down by approx 30% from its all-time high. If you also invested or thinking of investing then you should know Wirpo’s share price target for 2024, 2025, and 2026.
According to the experts, the IT sector company financials are growing and very soon all the good stocks of the IT companies will give a massive return to the investors from 2024 to 2025. In a few words, as the global slowdown problem is solved and interest rates are cut down then we may see a massive rally in IT stocks.
There is some news where it is mentioned that in 2024, there will be less hiring in many Indian IT companies. But we have to wait and watch what will happen in the future and how the IT companies will start growing.
Related Posts:
- HDFC Bank Share Price Target 2024, 2025, and 2026
- LIC Share Price Target 2024, 2025, and 2026
- Tata Power Share Price Target 2024, 2025, and 2026
About Wipro
Wipro is an Indian IT sector company with also works in different countries. It was founded in 1945 and its current managing director is Mr. Thierry Delaporte. Wipro is an IT services provider company that is involved in many other businesses too.
Wipro is one of the largest tech companies in India. It is involved in multiple businesses like IT (Information technology), consultants, etc. There are the following services Wipro provides sustainability, engineering, data & analytics, cloud, artificial intelligence, business process, counseling, cybersecurity, and many more.
There are also many industries in which Wipro provides services like aerospace & defense, banking, healthcare, insurance, education, consumer electronics, communications, banking, and many more.
Check Wipro’s official websites to know in detail about their work, projects, industries, and many more latest updates.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Wipro company were last updated on 13 Feb 2024. Check the latest information on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹9,018 |
| March 2020 | ₹9,772 |
| March 2021 | ₹10,868 |
| March 2022 | ₹12,243 |
| March 2023 | ₹11,367 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹3,065 |
| Mar 2023 | ₹3,094 |
| Jun 2023 | ₹2,886 |
| Sep 2023 | ₹2,667 |
| Dec 2023 | ₹2,701 |
Company Fundamentals
| Market Cap | ₹2,61,979Cr | ROE | 16.77% |
| P/E Ratio (TTM) | 23.21 | EPS (TTM) | 21.60 |
| P/B Ratio | 3.77 | Div Yield | 0.21% |
| Industry P/E | 31.83 | Book Value | 132.90 |
| Debt to Equity | 0.26 | Face Value | 2 |
Shareholding Pattern
| Held By | Sep 2023 | Dec 2023 | Jan 2024 |
|---|---|---|---|
| FIIs | 6.47% | 6.70% | 6.81% |
| DIIs | 8.13% | 8.13% | 8.05% |
| Public | 12.43% | 12.16% | 12.12% |
| Promoters | 72.90% | 72.90% | 72.90% |
| Other Holders | 0.14% | 0.13% | 0.12% |
Key Points
- On the Wipro Limited compnay there is a DEBT of Rs. 5,180.70 Crore and the compnay have cash of Rs. 4,527 Crore.
- The compnay has given poor profit growth.
- There are no improvements in the sales of the compnay. In Dec 2021 the sales were 20,315 and after 2 years i.e. in Dec 2023 quarter, the sales were 22,205.
- As there is no growth in sales so, the net profit of the Wipro Limited company is also flat even down due to the increase in the tax.
Quarterly Results
Over the last 5 quarters, there has been no growth in the net profit of the compnay. In the Dec 2022 quarter the net profit of the compnay was around Rs. 3,065 Crore and in the latest quarter Dec 2023 the net profit was Rs. 2,701 Crore.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum stock returns. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge, you should follow the rules to strengthen your self-psychology.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. If you invested all the money in one sector, you’ll be in a huge loss if the sector faces any issue.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Wipro Share Price Target
In recent times almost all IT industry companies have faced many problems and there is some chance that they will face these problems in the next few months. As we mentioned above most of the Indian IT companies provide services to the USA tech and other industry companies. If they face problems the Indian IT companies will face too.
During the coronavirus time, almost every IT company made a lot of profit as a result the stock price went up. So, as of now, they fall at the same speed where they are not making good profits.
In the Wipro fundamental, there are no problems except the profit growth of the last 3 years. The last 3 years profit growth of the company is deficient i.e. 1.87%.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Wipro share price target 2024
In the short term of 2024, the Wipro stock is looking very bullish. In the last 10 to 11 months the Wipro stock has given approx 50% return. However, it is impossible to capture all the returns because no one can know any stock’s low.
But if you do technical analysis then you can easily make some profit for taking a trade in the short term. As of now, there is still an opportunity to trade the stock in the short term.
As of now, Wipro is trading at Rs. 511 and the stock has recently given a breakout. Most probably it will keep going up. As the stock is still very bullish then you can take short-term trade based on the technical analysis.
Wipro share price target 2025
As of now, the Wipro stock is almost 30% down from its all-time high but the other top companies like Infosys and HCL are only 5% to 8% down from its all-time high. It is because of the higher impact of the recession on the Wipro compnay. Recently in the Feb 2024, the TCS stock made a new all-time high.
As we mentioned earlier in 2024 there will be interest rate cuts as a result the Wipro stock can start going up. Also according to the technical analysis, the stock is very bullish and going up.
Wipro share price target 2025
If you want to invest in the stock in the long term then you have to make sure you bought shares in the stock at the right time.
No doubt Wipro is a good company but due to the war and COVID, almost all the IT companies were affected by it. The net profit of the Wipro company from the last 3 years has increased by very little.
The PE Ratio of the company is not at 23.21 and its all-time high PE is approx 32.5. If the PE Ratio of the stock increases the share price will also increase. But the PE Ratio and the share price can go up rapidly only when the interest rates are cut off and the profit and revenue of the compnay will also increase.
In the IT industry, the Wipro company is at 4th number after TCS, Infosys, and HCL. So, during the interest rates cut off the IT stocks like TCS and Infosys can give more profit as compared to Wipro.
FAQs
According to its fundamentals, Wipro is a good stock. It is one of the largest tech companies in India. The fall in Wipro’s stock price was because of the many news, events related to the IT sector. In the next few years, it can give good returns.
According to the experience, market cap, and services, TCS is a lot better than Wipro. The strength of the TCS is much higher than many other IT sector stocks in India.
Many new things came before a few months Like ChatGPT and other AI companies. AI is harming the IT sector a lot, not only the IT sector in many places it takes the place of humans. It is hard to say because AI can be very powerful in the next 5 years.
Final Words: The IT Sector has been facing a lot of problems in the last few months. Most probably these things will be clear in the next few months. Wipro is one of those stocks of IT who faced a huge loss as a result its stock price crashed. In the next few years, the Wipro share price target can be very big as the stock is already down a lot. Keep checking news related to IT and AI.