Wipro Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040) |Wipro Share Fundamentals, Financial Trends, Businesses, Future Plans and more
Do you want to know the Wipro Share Price Target, if yes, then you have come to the right place.
In this article we are going to know about Wipro share in detail. There are many articles published on the internet but they are not worth the information. So, basically our main aim is to give the best analysis of this Wipro company. So that you can decide by yourself whether to invest in it or not.
Hey guys, I am Sachin, a finance enthusiast and the author of this blog. So, first of all we will know about Wipro in which we will know about its fundamentals, financial trends and its businesses. And after that we will try to make Wipro share price prediction by reading charts and by doing technical analysis. So let’s have a look about Wipro Limited Company.
About Wipro Limited
Wipro Limited is an Indian multinational corporation engaged in activities such as information technology, business services and consulting. Wipro, formerly known as Western India Palm Refined Oils Limited. This company was established in 1945 and currently the CEO of this company is Mr. Thierry Delporte.
Wipro operates through three segments: IT Services, India State Run Enterprise (ISRE) and IT Products segments. The IT Services segment of Wipro provides a range of IT and IT-enabled services. The ISRE segment includes the offering of IT services to organizations owned or controlled by the Government of India and/or any Indian State Governments. And the IT Products segment of Wipro offers a range of third-party IT products, which allows it to offer IT systems integration services. (Source – Groww) So now before knowing Wipro Share Price Target, we will know its Shareholding pattern.
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Wipro Shareholding Pattern
Holding pattern is on of the very important metric to analyze any stock. So now let’s talk about the Wipro Shareholding Pattern.
- Promoters have 72.95% of Shareholding
- Retail and others have 12.92% of Shareholding
- Foreign Institutional Investors (FIIs) have 6.58% of Shareholding
- Domestic Institutional Investors (DIIs) have 4.68% of Shareholding
- And Mutual Funds hold 2.87% of Wipro share
Financial Trends of Wipro Limited
If we talk about the Revenue and Profit of Wipro Limited company then –
Its revenue in 2019 has been ₹ 58,585 Cr and profit is ₹ 9,003 Cr. There was a revenue of ₹ 61,023 Cr in 2020 and a profit of ₹ 9,722 Cr. In the same 2021, there was a profit of ₹ 10,795 crore with a revenue of ₹ 61,943 Cr. And this year i.e. in 2022 there has been a higest profit of ₹ 12,219 Cr with a revenue of ₹ 79,093 Cr.
Pros and Cons of Wipro Share
Wipro Share Price Target 2023, 2024, 2025, 2030, 2040 Table
|Wipro Share Price Target
|₹410 – ₹425
|₹515 – ₹555
|₹680 – ₹700
|₹920 – ₹1005
|₹1230 – ₹1290
|₹1475 – ₹1525
|₹1800 – ₹2000
|₹2400 – ₹2600
|₹3800 – ₹4200
Wipro Share Price Target 2023
This company has given negative returns of 6% in last 6 months and 46% in last one year. Due to the lack of good expected growth of Wipro, we are seeing a decline in its stock. If the company gives good returns in the next quarter, then Wipro Share Price Target 2023 will be seen at INR 410 and second expected target can be INR 425. Although the fundamentals of the company are almost fine, but due to the financial fall, the shares of Wipro Limited are falling.
Wipro Share Price Target 2024
This company is upgrading itself going ahead and making significant contribution in the technology sector. Wipro as India’s market leader has good projects as well as demand in future. The ROE (15.77%), EPS (20.69) and P/E Ratio (19.12) of this company have been very good, so if you invest in it, you can get good returns in the long term.
Considering these, Wipro Share Price Target 2024 will be iNR 515 and if this share hits this target then we will get to see second target of INR 555. But in this situation now it will be a bit risky to invest in Wipro shares, if the share price increases a bit, you can invest at your own risk by doing good research.
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Wipro Share Price Target 2025
So friends, the biggest question now comes that according to the current situation, will Wipro’s stock double by 2025? So it is not so easy to tell whether this share will double or not. Because the growth of the company’s stock depends on many metrics. If we look at the PEG Ratio (-2.57) of Wipro Limited then it is negative which is not considered good for any well established company. Considering these, Wipro Share Price Target 2025 will be INR 680 and maximum price can be INR 700. But yes, keep in mind that the company will have to improve its fundamentals to achieve the stated share price.
Wipro Share Price Target 2030
Wipro Limited has given 73% return in last 5 years which is considered good. Its stock may see good growth till 2030. But for this Wipro will have to focus on its net profit. As we can see that the sales growth of the company is getting good. For long term this stock can be considered as a good investment. So first and second of Wipro Share Price Target 2030 will be INR 2,400 and INR 2,600 respectively. The fundamentals of the companies are strong and have already performed well in the last year.
Wipro Share Price Target 2040
But we believe Wipro’s goodwill and strong customer relationships will help the company recover from the loss in the long run. Wipro’s management is confident of growth as promoters’ holding remains intact, which signals a strong call to hold the stock. So, Wipro Share Price Target 2040 will be 3,800 and if the share of Wipro continues its trends then we can get to see second target of INR 4,200.
Why Wipro share price falling?
Wipro has reported much lower net income in this September 2022 quarter as compared to the previous 4 quarters. And if any well established company starts giving negative profit growth as this company has given negative profit growth of -7.37%, due to this big investors like FIIs & DIis, Mutual Funds start selling their holdings. Due to which we are seeing a big fall in the stock.
The second biggest reason for the fall in the stock of Wipro Limited is the recession. Up to 86% of Wipro’s revenue comes from the US (60%) and Europe (16%). And it is believed that there is a possibility of recession in the United States and Europe. Due to which we are seeing a decline in the stock of Wipro.
Future of Wipro Share
This stock has been giving good returns in the long term, so the point is when will Wipro’s stock recover. If the profit growth of this company is better than the last 4 quarters, then we can see a jump in the stock of Wipro. The profit of the company remains positive, then it is obvious that the share price will increase, and it all depends on Wipro’s performance. And talking about the recession, it is too early to tell whether the recession will come or not.
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This stock has been performing very well and will continue to do so. But it is a little difficult to tell whether to invest in it or not, because the share price is still seeing a decline. If you invest in it and the share price increases, then it is obvious that there will be profit.
I hope you enjoy knowing the Wipro Share Price Target. If you want any more information or want to ask something regarding this then you can ask by commenting. We will try our best to reply to you. And please share this article if possible.
So friends, if you invest in this stock, then invest in your risk and never invest by taking loan or by seeing Wipro Share Price Target.
Note – Stock price prediction is based on our technical and fundamental analysis which keeps on changing from time to time. We do not provide any buy or sell recommendations, please trade or invest as per your financial advisor.
What will be the share price of Wipro after 5 years?
According to our analysis, price of Wipro after 5 years will be INR 1,475 – INR 1,525 in 2028. This is the expected price range, share price of the Wipro can be more or less than the predicted one.
Is Wipro a debt free company?
No, Wipro is not a debt free company. Currently this company has a debt of ₹19,459 crore and its debt to equity ratio is 0.27.
Who is the CEO of Wipro Limited?
Mr. Thierry Delporte is the CEO of Wipro Limited.
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DISCLAIMER – Stock Market Investment are subject to market risks, read all scheme related documents carefully before investing.