431.90 -14.55 (-3.26%)

170.95% Gain from 52W Low

14.8M Volume

NSEJan 28, 2021 03:54 PM



Wipro Ltd.    
18 Jan 2021
431.90
-3.26%
SMC online
growth of 3.9%QoQ and a 1.1%YoY. The IT services revenue of the company at USD 2071 growth across all strategic business units/verticals. The core BFSI which accounts for about 31% of IT services revenue was up by 1.8%QoQ. Similarly the CBU (consumer business unit), ENRU (Energy, Natural Resources & Utilities) and HBU (healthcare business unit) has registered strong 5.6%QoQ, 5.4%QoQ and 5.2%QoQ respectively. The communication, manufacturing...
Wipro Ltd. has gained 60.65% in the last 6 Months
Wipro Ltd.    
14 Jan 2021
431.90
-3.26%
buy
Hold: Wipro Ltd.
ICICI Securities Limited
Restructuring of business, large deals to drive growth We believe Wipro possesses all the key ingredients of robust growth in the long run. The company has strong full services capabilities across applications, infra, BPS and engineering, which should help it as integrated deals gain prominence. Further, the induction of a new CEO with focus on profitable growth make us positive on its future growth. This, coupled with the new CEO's focus on simplification of organisation, improving client mining, focus on fewer verticals and geographies to drive growth are...
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Wipro Ltd. is trading above all available SMAs
Wipro Ltd.    
14 Jan 2021
431.90
-3.26%
Motilal Oswal
Wipro (WPRO) reported better-than-expected revenue growth of 3.4% QoQ CC, on the higher end of the guidance band (1.53% QoQ CC). Growth was broad-based across verticals, with five of seven verticals showing good QoQ growth. WPRO's continued margin improvement (+250bp QoQ / +330bp YoY) and strong cash generation (FCF/PAT at 133%) were the key positives in 3Q. In 9MFY21, IT Services reported revenue (USD)/EBIT/PAT of 3.2%/10.2%/6.9%. Wipro reported 12 deal closures and deal TCV of USD1.2b in 3Q, including USD700m from Metro AG. It further guided for USD CC revenue growth of...
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Wipro Ltd. has gained 60.65% in the last 6 Months
Wipro Ltd.    
14 Jan 2021
431.90
-3.26%
buy
Axis Direct
We recommend BUY and assign 22x P/E multiple to its FY23E earnings of Rs. 24.1 per share which gives a TP of Rs. 522 per share, an upside of 14%.
Wipro Ltd. is trading above all available SMAs
Wipro Ltd.    
14 Jan 2021
431.90
-3.26%
Prabhudas Lilladhar
Wipro's revenue grew at 3.4% QoQ CC (Ple: 3%, Cons: 3.2%) & 3.9% QoQ in USD terms. Revenue growth was broad based growth led by 5.6% QoQ rise in E&U;, 5.2% QoQ in Consumer BU and 5.5% QoQ growth in Health BU (all in...
Wipro Ltd. has gained 60.65% in the last 6 Months
Wipro Ltd.    
14 Jan 2021
431.90
-3.26%
Nirmal Bang Institutional
Margin surprises yet again; Revenue execution is key Superlative revenue growth surprises delivered in 3QFY21 by both TCS (4.1% QoQ in CC terms on its large base) and Infosys (5.3%) make the 3.4% growth by Wipro look staid. However, this is the best it has delivered in 36 quarters and that too in the second quarter under the new CEO. What's more, it beat ours and consensus expectation (~2.5%). This combined with a very sharp 240bps pick-up in EBIT margin QoQ in IT Services (a big surprise) could induce upgrades in street EPS estimates. The stock price run-up (31% up in 1 month, >100% in 6 months) already prices in a pickup. CEO, Thierry Delaporte, talked about an obsession with growth' while maintaining respectable margins at its recent analyst meet (Meet). Without giving out specific numerical targets Thierry...
Wipro Ltd. has gained 60.65% in the last 6 Months
Wipro Ltd.    
13 Jan 2021
431.90
-3.26%
BOB Capital Markets Ltd.
Wipro (WPRO) delivered an upbeat QoQ performance in Q3FY21 with 3.4% CC revenue growth, ahead of our estimate of 2.7%.
Wipro Ltd. is trading above all available SMAs
Wipro Ltd.    
29 Dec 2020
431.90
-3.26%
buy
ICICI Securities Limited
Rising adoption of smartphones, high internet speed and social distancing (due to Covid-19) has changed consumer behaviour. Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. This has led to virtualisation of business models. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. 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...
Wipro Ltd. has gained 76.03% in the last 1 Year
Wipro Ltd.    
23 Dec 2020
431.90
-3.26%
buy
Axis Direct
We recommend BUY and assign 18x P/E multiple to its FY23E earnings of Rs. 24.0 per share which gives a TP of Rs. 432 per share, an upside of 19%.
Wipro Ltd. has gained 29.29% in the last 3 Months
Wipro Ltd.    
23 Dec 2020
431.90
-3.26%
Prabhudas Lilladhar
With multiple deal wins' management has proved their mettle in execution. Growth has become top priority for Wipro as the new CEO aims to transform the company into more outward focused. Even in last quarter Wipro has surprised street with higher revenue guidance of 1.5-3.5% for Q3FY20. Shift from traditional 3 axes model to 2 axes model lead to reduction of P&Ls; from 25 to 4 driving in sizable savings. 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....
Wipro Ltd. has gained 60.65% in the last 6 Months