NSE: WIPRO | BSE: 507685

Mid-range Performer

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253.84 5.20 (2.09%)

17.2M NSE+BSE Volume

NSE 25 Aug, 2025 3:31 PM (IST)

266,109.1

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Acquisition

Wipro to buy 100% of Harman Connected Services for $375 mn to strengthen its ER&D and IT services See details

Wipro Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for WIPRO, BSE:507685 Wipro Ltd.

Wipro Ltd.

21 Oct 2019

253.84

2.09%

Wipro

Results Update: Wipro Ltd.

SMC online

Wipro Ltd.s consolidated operating margin and profit beat estimates in a quarter where the company absorbed the impact of wage hikes and its core IT services business witnessed subdued growth. Consolidated sales of Wipro for the quarter ended Sep 2019 registered a growth of 2% from Rs 14786 crore in the sequential previous quarter ended June 2019. OPM expanded by marginal 60...

Wipro Ltd.'s price crossed above 30Day SMA today

Wipro Ltd.

18 Oct 2019

253.84

2.09%

WIPRO LIMITED

Hold: Wipro Ltd.

Target

Geojit BNP Paribas

Revenue for Q2FY20 witnessed slow growth both YoY and sequentially (4.0% YoY/2.8% QoQ) in contrast to last quarter's topline performance. Though being the strongest performer historically, BFSIs revenue this quarter was below expectations with a muted revenue growth of 3.6% YoY. The management highlighted that it was mainly due to macroeconomic conditions and lower spending by banking and capital market clients and completion of large digital projects. Energy and Utilities segment grew by 3.6% YoY (6.3% CC) while Health Business Unit had a positive revenue growth of 3.36% YoY (0.58% QoQ), which was in contrast to last quarter's performance....

Wipro Ltd.'s price crossed above 30Day SMA today

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Wipro (2QFY20): Win some, Lose some. Maintain NEUTRAL

Neutral: Wipro Ltd.

Recommendation Target

HDFC Securities

While Wipro continues to lag growth within Tier-1 IT, its relative growth underperformance has reduced with growth moderation of larger peers. We reckon that growth will continue to lag peers ahead based on soft outlook on ~52% of rev comprising BFSI (earlier a growth driver), Mfg (re-structuring ME) and Technology (semicon sub-segment). This is expected to be offset by relatively stronger outlook in Consumer, Healthcare (ex-HPS) and E&U (large deals). While slowdown concerns remain (BFSI/large accounts-led) with limited scope of margin expansion (SG&A normalisation). The stock has corrected ~6% in 3M (following the buyback trade) and valuations are at ~13.7x FY21E (vs. 14.1x Tier-1 IT median). We expect USD revenue growth of 2.4/5.7/6.4% and IT services EBIT% at 17.9/18.0/18.2% for FY20/21/22E. We maintain NEU on Wipro post in-line revenue and operating performance. Increased headwinds in BFSI/large accounts offset the improving outlook in Consumer/Healthcare. Our TP of Rs 230 is based on 12x Sep-21E EPS.

Wipro Ltd.'s price crossed above 100Day SMA today

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Wipro (REDUCE): Puzzling margin beat; unlikely to hold up

Sell: Wipro Ltd.

Target

BOB Capital Markets Ltd.

Wipro (WPRO) reported in-line revenue growth of 1.1% QoQ CC, but a surprising beat on operating margins (18.1%, +10bps QoQ vs. 60bps est.) that materialised despite the impact of compensation revision.

Wipro Ltd.'s price crossed above 100Day SMA today

Wipro Ltd.

16 Oct 2019

253.84

2.09%

First Light | Wipro, Trade, Logistics Monthly Tracker

Sell: Wipro Ltd.

Target

BOB Capital Markets Ltd.

WPRO: Puzzling margin beat; unlikely to hold up. Trade: Trade deficit narrows as imports shrink. Logistics: Demand climate deteriorates further

Wipro Ltd. is trading above its 100 day SMA of 252.3

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Wipro-2QFY20 Result Update

Wipro Ltd.

Reliance Securities

Wipro Ltd.'s price crossed above 100Day SMA today

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Wipro: Q2FY20 Result Review

Accumulate: Wipro Ltd.

Target

IDBI Capital

Q3FY20 guidance of IT services revenue growth of +0.8% to +2.8% is in-line with our expectation. WPRO expects the QoQ improvement in order-book in Q2FY20 to enable it to drive improvement in growth despite seasonal headwinds. We maintain our FY20/21E revenue. We factor the EBIT margin beat and fine-tune our FY20/21E EPs by 3%/2.7%. We now forecast IT services revenue (in US$) and EPS CAGR of 4.5% and 6.6% respectively over FY19-21E. We upgrade WPRO to ACCUMULATE from HOLD with a new TP of Rs269 (s. Rs260 earlier) based on PER of 15x FY21E. Key Highlights and Investment Rationale...

Wipro Ltd. has an average target of 260.73 from 11 brokers.

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Largely in line; lower ETR drives a beat in profitability

Neutral: Wipro Ltd.

Target

Motilal Oswal

After remaining in double digit for around two years, WPRO's BFSI revenue growth decelerated sharply to 5.9% YoY CC owing to the completion of some large programs and the weakness in capital markets (in the US and Europe). Apart from this, HPS in healthcare remained another pocket of concern and is built in the company's revenue growth guidance of 0.8%-2.8% QoQ for 3QFY20. In dollar terms, revenue increased by 0.5% QoQ, implying a cross-currency IT Services EBIT margin shrank 30bp QoQ to 18.1%, 60bp below our estimate of PAT grew 12% YoY to INR25.6b a 14.4 % beat due to higher revenue in product business and lower ETR (18.3% vs. Weakness is more in Europe than in US, and more on Growth in healthcare vertical is coming, barring HPS; WPRO is recording good wins in digital.

Wipro Ltd. has an average target of 260.73 from 11 brokers.

Wipro Ltd.

16 Oct 2019

253.84

2.09%

Wipro Ltd

Buy: Wipro Ltd.

Target

ICICI Securities Limited

Similar to TCS and Infosys, the Wipro management also has a cautious stance on the trajectory of the banking and financial services segment due to weakness in the capital markets space and European banking. Further, a delay in both digital projects renewal and ramp up of new projects in top client could impact banking growth for Wipro in the near term. However, besides this, the outlook for major verticals was positive with retail, healthcare (outside HPS), energy & utilities and global communication looking healthy based on the deal pipeline. The qualitative commentary...

Wipro Ltd.'s price crossed above 30Day SMA today

Wipro Ltd.

15 Oct 2019

253.84

2.09%

Q2FY20 Result Update

Sell: Wipro Ltd.

Target

Prabhudas Lilladhar

booking & will impact on revenue conversion of deals. Inconsistency & volatility of revenue growth in Wipro among its key vertical makes us cautious. We believe IT companies will have to invest in digital & people to participate in the strong demand environment. Wipro's management aggressive cost rationalization keeps us skeptical about their participation in demand environment & hence will restrict their revenue momentum. Wipro's key verticals continue to be under pressure due to client-specific challenges (BFSI vertical), company-specific challenges (manufacturing...

Wipro Ltd. is trading above its 100 day SMA of 252.3

Is Wipro Ltd. worth buying?

5093 Votes:

Buy 71.43%

Sell 9.99%

Hold 18.57%

RESEARCH REPORTS

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