Wipro Ltd.

NSE: WIPRO | BSE: 507685 | ISIN: INE075A01022 | Industry: IT Consulting & Software
| Mid-range Performer
262.6000 0.35 (0.13%)
NSE Apr 01, 2025 15:58 PM
Volume: 8.4M
 

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Wipro Ltd.
21 Jul 2018
262.60
0.13%

Wipro

JM Financial
Wipro (WPRO) reported 1QFY19 that was a tad above the modest expectations; the 0.32.3% QoQ USD revenue growth guidance indicates the drag from client-specific issues visible over the last two quarters has subsided. The top client continues to grow (+31% YoY) + deal traction appears to be improving. However, continued uncertainties in HPS + near-term weakness in Utilities and Manufacturing verticals gives little confidence in USD revenue growth converging with peers over FY19-20 even after factoring in the Alight Solutions partnership announced with the 1QFY19 results. On the positive side, WPRO's differentiated digital portfolio, limited exposure to the US BFS, healthy cash-flows and a prudent capital allocation policy lends downside support. The stock's valuation too has moderated vs. peers,...
Wipro Ltd. has an average target of 296.00 from 10 brokers.
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