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Wipro Ltd Share Price (WIPRO)

₹470.751.37%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Wipro Ltd

Key events for Wipro Ltd

  • Wipro Struggles with Market Position and Financial Performance - 13 Apr, 2024

    Wipro Ltd faces challenges in transforming its business model to compete in the global tech markets and increase its focus on value-added services. The resignation of CEO Thierry Delaporte and weak financial performance have led to a sell recommendation amid uncertain macroeconomic conditions.

  • Wipro Reports Sales Fall, Appoints New CEO, Dilutes Shareholding - 12 Apr, 2024

    Wipro reported a decline in sales for Q3FY24, appointed a new CEO for its Americas 1 Strategic Market Unit, and saw its shareholding in FPEL Ujwal Private Ltd diluted. Additionally, Thierry Delaporte departed and was replaced by Srinivas Pallia.

  • Wipro Appoints New CEOs for Strategic Markets - 11 Apr, 2024

    Wipro has announced the appointment of Malay Joshi as CEO for Americas 1 strategic market unit, succeeding Srinivas Pallia who was recently appointed CEO. The sudden change in leadership is attributed to a subdued report card and weak guidance. Pallia expressed excitement to lead the company into the next phase of growth.

  • Wipro Appoints New CEO for Americas 1 Strategic Market Unit - 10 Apr, 2024

    Wipro has appointed Malay Joshi as the new CEO of its largest market unit, Americas 1. Margins are expected to improve for the IT sector, except for specific cases like Infosys, HCL Tech, and Wipro. Premji Invest may invest $50-$70 million in Australian graphic design platform Canva.

  • Thierry Delaporte Resigns as Wipro CEO; Srinivas Pallia Takes Over - 09 Apr, 2024

    Wipro's stock declines after Delaporte resigns and Srinivas Pallia becomes new CEO. Board unhappy with company's direction, analysts concerned about execution. Foreign brokerage CLSA suggests Sell rating on Wipro's stock. Despite series of top-level exits, Wipro saw a rise in revenue of 35% and profits of 25% over the past four years.

  • Srinivas Pallia Appointed New Wipro CEO - 08 Apr, 2024

    Wipro has appointed Srinivas Pallia as its new CEO and Managing Director, succeeding Thierry Delaporte. Analysts have mixed views on the company's future prospects.

  • Wipro Appoints Srinivas Pallia as New CEO - 07 Apr, 2024

    Wipro CEO Thierry Delaporte resigned a year before his term ended, with Srinivas Pallia appointed as the new CEO and MD. Industry experts approved of the internal promotion. The stock is expected to gain and move to 525 levels in the upcoming days. During Delaporte's tenure, Wipro slipped to number four from the third spot in terms of both revenue and market capitalisation.

  • Wipro Appoints New CEO After Resignation - 06 Apr, 2024

    Thierry Delaporte has resigned from his position as CEO and managing director of Wipro. Srini Pallia will succeed him as the new CEO effective immediately.

  • Mixed Outlook for Wipro in Q1, Analyst Bullish on Mid-Cap IT Companies - 04 Apr, 2024

    While Jai Bala of CashTheChaos is optimistic about mid-cap IT companies like TCS and HCL Tech, Wipro's projected flat Q1 performance may lead to lower FY24 revenue compared to other top Indian IT firms.

  • Citi Report Focuses on Margin Trajectory for Top IT Companies - 02 Apr, 2024

    A Citi report dated April 1 highlights the focus on margin trajectory for top IT companies in the upcoming results. The brokerage has revised down target prices of most IT firms and given a neutral rating to Infosys Ltd. and HCL Technologies Ltd., while the rest are rated sell.

  • Wipro Collaborates with IISc for AI Course; Rated Underweight by Morgan Stanley - 01 Apr, 2024

    Wipro has partnered with the Indian Institute of Science to offer an online Masters in Technology course in AI for its eligible employees. However, Morgan Stanley has rated Wipro as underweight with a target price of Rs 450.

  • Wipro Commits to Upskilling Employees in AI - 28 Mar, 2024

    Wipro is investing in expanding its AI capabilities through skill-building by offering online Masters in Technology courses and training curriculum for employees to learn AI, machine learning, and GenAI. The company has committed $1 billion to advance its AI capabilities over the next three years.

  • GE Healthcare's India Unit to Invest Rs 8,000 Crore in Wipro JV - 27 Mar, 2024

    GE Healthcare's India unit plans to invest Rs 8,000 crore over the next five years to strengthen its position in GE Healthcare's global supply chain. The investment will be made in Wipro GE Healthcare, a joint venture with Wipro Ltd where GE holds a majority stake of 51%.

  • Wipro Invests in Local Manufacturing and R&D Initiatives - 26 Mar, 2024

    Wipro GE Healthcare announces an investment of over Rs 8,000 crore in India for local manufacturing and research and development initiatives. Wipro also promotes several employees to senior VP and VP roles.

  • Wipro Promotes Employees Amid Senior-Level Attrition - 23 Mar, 2024

    Wipro has promoted 30 employees to various leadership roles, including six to SVP roles, amid a series of high-profile exits. The company is committed to developing strong internal leaders. An article analyzes Wipro's sound financials, including its ROE, earnings growth, and efficient use of profits.

  • Wipro Faces Challenges Amid Lower Revenue Forecast and Senior-Level Attrition - 22 Mar, 2024

    Wipro faces challenges due to Accenture's lower revenue forecast impacting Indian IT stocks, declining share prices, and senior-level attrition leading to promotions. The company's subsidiary also completed a transaction to incorporate SDVerse LLC.

  • Wipro Appoints New CEO for Capco - 21 Mar, 2024

    Wipro has appointed Anne-Marie Rowland as the new CEO of Capco, effective from April 1, 2024. Morgan Stanley maintained an underweight rating on Wipro with a target price of Rs. 475 per share.

  • Wipro Appoints New CEO for Capco - 20 Mar, 2024

    Wipro has appointed Anne-Marie Rowland as the new Chief Executive Officer of Capco, effective April 1, 2024. The move is aimed at reviving growth at Wipro's biggest acquisition yet and shoring up its consulting business.

  • Wipro Selected by Desjardins for Credit Solutions Transformation - 15 Mar, 2024

    Wipro's NetOxygen solution was chosen by Desjardins to modernize consumer banking services, resulting in improved customer experience, efficiency gains, and cost savings. However, CLSA maintains a sell call on Wipro due to downside risks to revenue growth.

Analyst Rating for Wipro Ltd stock

based on 40 analysts

SELL
21.05%
Buy
23.68%
Hold
55.26%
Sell

Based on 40 analysts offering long term price targets for Wipro Ltd. An average target of ₹463.82

Source: S&P Global Market Intelligence

Wipro Ltd share Performance

  • ₹470
    ₹480
    ₹470.75
    downward going graph

    0.16%

    Downside

    Day's Volatility:2.12%

    Upside

    1.96%

    downward going graph
  • ₹352
    ₹545.9
    ₹470.75
    downward going graph

    25.23%

    Downside

    52 Weeks Volatility:41.19%

    Upside

    15.96%

    downward going graph
1 Month Return-6.67 %
3 Month Return-4.82 %
1 Year Return27.82 %
Previous Close₹477.30
Open₹475.00
Volume65.85L
Upper Circuit-
Lower Circuit-
Market Cap₹2,49,397.97Cr

Wipro Ltd Company Information

Wipro Ltd is a leading global information technology, consulting and business process services company. Incorporated in 1945, the company is headquartered in Bengaluru, India and employs over 160,000 people worldwide.

Wipro operates in three main areas: IT Services, Business Process Services, and Products & Platforms. IT Services includes consulting, systems integration, and application development and maintenance. Business Process Services includes analytics, automation, and customer service. Products & Platforms includes products in areas such as cloud, analytics, artificial intelligence, and Internet of Things.

Wipro's top products include Wipro HOLMES, Wipro GalaxE, Wipro Appirio, and Wipro CORE. Wipro HOLMES is an artificial intelligence platform that enables businesses to automate processes, reduce costs, and improve customer service. Wipro GalaxE is a suite of enterprise-level cloud solutions. Wipro Appirio is a cloud-based solution that helps companies create better customer experiences. Wipro CORE is a platform for managing enterprise IT operations.

Share Price: ₹470.75 per share as on 12 Apr, 2024 04:01 PM
Market Capitalisation: ₹2,49,397.97Cr as of today
Revenue: ₹22,205.10Cr as on December 2023 (Q4 23)
Net Profit: ₹2,700.60Cr as on December 2023 (Q4 23)
Listing date: 21 Dec, 1994
Chairperson Name: Rishad Azim Premji
OrganisationWipro Ltd
HeadquartersBangalore
IndustryIT - Software
E-voting on sharesClick here to vote

Fundamentals of Wipro Ltd

Insights on Wipro Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.17% to 3.29% in Jan 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 2.64K Cr → 2.69K Cr (in ₹), with an average increase of 1.8% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.70% to 6.81% in Jan 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 42.0% return, outperforming this stock by 14.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 54.7% return, outperforming this stock by 42.4%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 72.90% of holdings in Jan 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 9.78% to 9.75% in Jan 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, WIPRO stock has moved down by -6.7%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 5 quarters, 23.87K Cr → 22.80K Cr (in ₹), with an average decrease of 1.1% per quarter

Wipro Ltd Valuation

Wipro Ltd in the last 5 years

  • Overview

  • Trends

Lowest (9.72x)

March 19, 2020

Today (22.35x)

April 12, 2024

Industry (37.92x)

April 12, 2024

Highest (32.89x)

September 6, 2021

LowHigh

Wipro Ltd Mutual Fund Holdings

Funds Holdings
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.53%
Tata Digital India Fund Direct GrowthTata Digital India Fund Direct Growth4.98%
Mirae Asset ELSS Tax Saver Fund -Direct Plan-GrowthMirae Asset ELSS Tax Saver Fund -Direct Plan-Growth1.59%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth0.74%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth1.27%

Wipro Ltd Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
72.9%
0.00
Foreign Institutions
6.81%
0.00
Mutual Funds
3.29%
0.00
Retail Investors
9.75%
0.00
Others
7.25%
0.00

Technicals of Wipro Ltd share

News & Events of Wipro Ltd

News

Wipro's shareholding in FPEL Ujwal down from 9.95% to 7.07%

Recently, FPEL has undergone a restructuring, issuing new equity shares to additional stakeholders and converting its existing OCDs into equity shares, diluting... Read more

12 Apr, 2024 05:42 PM

Wipro: Becomes a ‘Show Me’ Story, Again!

Wipro's struggles over two decades, recent CEO exit, and underperformance make it an unattractive investment choice currently.

13 Apr, 2024 09:31 PM

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Wipro Ltd (WIPRO) share price today is ₹470.75

Wipro Ltd is listed on NSE

Wipro Ltd is listed on BSE

  • Today’s highest price of Wipro Ltd is ₹480.
  • Today’s lowest price of Wipro Ltd is ₹470.

PE Ratio of Wipro Ltd is 22.35

PE ratio = Wipro Ltd Market price per share / Wipro Ltd Earnings per share

Today’s traded volume of Wipro Ltd(WIPRO) is 65.85L.

Today’s market capitalisation of Wipro Ltd(WIPRO) is ₹249397.97Cr.

Wipro Ltd(WIPROPrice
52 Week High
₹545.9
52 Week Low
₹352

Wipro Ltd(WIPRO) share price is ₹470.75. It is down -13.77% from its 52 Week High price of ₹545.9

Wipro Ltd(WIPRO) share price is ₹470.75. It is up 33.74% from its 52 Week Low price of ₹352

Wipro Ltd(WIPROReturns
1 Day Returns
-6.55%
1 Month Returns
-6.67%
3 Month Returns
-4.82%
1 Year Returns
27.82%