For the last few years, Wipro is facing a lot of problems, and not only Wipro but almost every IT company facing similar types of problems. But The impact of the problems on Wipro is very high because many companies are stronger than Wipro. All the Wipro problem’s impact can be easily seen in the Wipro share price target.
Many IT companies do salary increments and some most popular companies also fired many people from their job for the cost-cutting in the last few months. This is because IT companies are also struggling to get projects. In the case of Wipro, it is facing more problems than others.
As of August 2023, the Wipro stock price is trading near its 52-week low which saw made before a few months. Many retail investors who bought the shares at a high price are facing a huge problem. Let’s analyze the stock using its fundamentals, and technical analysis to get Wipro share price target 2025.
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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 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 by yourself 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 21 August 2023. Check the latest information on any broker website or screener.
Revenue Growth (Last 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 48,123.80 |
| March 2020 | 50,407.00 |
| March 2021 | 50,299.40 |
| March 2022 | 59,574.40 |
| March 2023 | 67,753.40 |
Quarterly Results (Last 5 Quarters)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 16,255.60 |
| Sep 2022 | 16,941.80 |
| Dec 2022 | 17,078.70 |
| Mar 2023 | 17,477.30 |
| Jun 2023 | 17,202.80 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 2,14,936.92 Cr |
| ENTERPRISE VALUE | Rs. 2,15,590.62 Cr. |
| NO. OF SHARES | 522.07 Cr. |
| P/E | 22.51 |
| P/B | 4.07 |
| FACE VALUE | Rs. 2 |
| DIV. YIELD | 0.24 % |
| BOOK VALUE (TTM) | Rs. 101.11 |
| CASH | Rs. 4,527 Cr. |
| DEBT | Rs. 5,180.70 Cr. |
| EPS (TTM) | Rs. 18.29 |
| SALES GROWTH | 13.73 % |
| ROE | 15.82 % |
| ROCE | 19.85 % |
| PROFIT GROWTH | -24.38 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 6.32 % |
| DII | 7.57 % |
| Public | 10.93 % |
| Promoters | 72.91 % |
| Other Holders | 0.0 % |
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. 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 make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the 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 will face 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 did 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
Almost every tech companies facing losses or less profit in the last few months. These things happening because of AI and many events in the last few months and years. Most probably it may take some time to be solved and we know what AI can do. AI is affecting the jobs of a lot of people as a result tech companies also facing a huge loss and its reaction can be seen on the stock price.
In the downfall, Wipro and other tech companies faced a huge loss than TCS and Infosys. These two companies also facing a lot of problems but less than Wipro. it is a hard time for Wipro and it will take some time.
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 very low i.e. 1.87%.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Wipro share price target 2025
As of now Wipro stock price is near its 52-week low and recently it has broken a channel and formed a bottom pattern. This indicates that the Wipro share price will go up and it may take a very long time i.e. 1 – 3 years.
In the next few years most probably the stock will touch again its all-time high. In case, any positive events happen in the favor of the company, sector, and industry then the Wipor share price target can be achieved easily.
From this level, if the Wipro will go down and break its 52-week low then it will be a very worst case for the stock. There is very less chance o this case because it can only happen in any worst-case situation in the market, industry, or the whole market.
In 2023, many analytics recommending to sell the stock but these things are for the short term not the long term. If you are long-term investors you should go ahead with proper analysis and research about the industry.
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 very high 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: IT Sector is 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.