Hold Wipro, target price Rs 435: ICICI Direct Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 219882.74 Crore) operating in IT Software sector. Wipro share price: CLSA lifts target price to Rs 370, Macquarie hikes it to Rs 416 zeebizindia@gmail.com (Zee Business) 14-10-2020. Dynamic levels research experts provide WIPRO share price target and share market tips for WIPRO with the help of our unique research tools. You can switch off notifications anytime using browser settings. Wipro Stock Price Forecast, 507685 stock price prediction. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. Sharekhan is bullish on Wipro recommended buy rating on the stock with a target price of Rs 450 in its research report dated November 18, 2020. Wipro Target Share Price - Get the latest Wipro share price forecast, Target share price, Stock Quotes, Wipro Stock Analysis, Charts on The Economic Times. - This broker has upgraded this stock from it's previous report.(eg. It is also de-prioritizing some sectors (Hospitality, Airlines, Public Sector, etc.) Geographically, Wipro expects faster growth from Europe & APMEA region while vertically it expects growth from BFSI, retail & consumer, energy & utilities and manufacturing. Wipro Ltd. Share Price Target and Information Get complete details on Wipro Ltd. share price data, company profile data, company news, intraday charts, EOD charts, financial data, peer comparison, company results, company reports, company meetings, investors returns data etc. 16 WIPRO share price target reports by brokerages below. The current market price of Wipro Ltd. is Rs 385.2. For reprint rights: Times Syndication Service, ICICI Prudential Bluechip Fund Direct-Growth. Check Wipro Ltd's Live BSE/NSE prices with Historic data. The key contours of the new CEOs refreshed strategy growth from focused sectors/markets, continued investment in talent, and a simplified operational model to help improve focus on customers seem to be steps in We upgrade our FY21/FY22E EPS by 3%/2%, largely led by a revised revenue of execution of Wipros refreshed strategy and a successful turnaround from its growth struggles over the past decade before turning more constructive on the stock. Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. Key positives include (1) strong guidance despite furloughs, (2) pick-up in deal activity/wins, (3) robust cash generation (OCF is ~179% of net income), and (4) buyback of Rs 95bn (4.2% of equity, ~30% of net cash) at Rs 400/share. Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 219882.74 Crore) operating in IT Software sector. Wipro share price: CLSA lifts target price to Rs 370, Macquarie hikes it to Rs 416 ADVERTISEMENT. Growth focus Focusing on existing accounts; shaping large deals Focus and scale Prioritizing markets/sectors and striving for leadership Offerings Evolving offerings beyond traditional IT offices, focusing on Talent Continuing to invest in building talent Simplified operating model Agile/Lean operating model that would help improve external focus on customer Wipro reported revenue (USD) / EBIT / PAT growth of -3%/5%/-4% YoY v/s our estimate of -4%/3%/-4% YoY. Wipro Share Price: Goldman Sachs downgrades stock; these are key risks © Provided by Zee Business Goldman Sachs values Wipro on a target P/E multiple of 14.3X (12-yr avg. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Many of Wipro’s customers cover industries that would be a major target for hackers – especially the state-sponsored. Wipro stock will be gaining good returns as company 's results are expected to be in positive trend. These tips are updated every day, please check this page daily for new tips. Our target price of Rs 390 is based on 18x Sep-22E EPS. Petrol Price. The deal pipeline remains strong and sales activity is picking up driven by higher cloud adoption. ICICI Direct has hold call on Wipro with a target price of Rs 435. In our view, streamlining P&L; to four SMUs (v/s 20 P&Ls; earlier) should free... We increase our FY22/23E EPS by +2.6/4.7% and target multiple to 18x (vs. 16x earlier) to factor growth acceleration. Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. The key focus of Wipro's Analyst Day was on operational changes and steps undertaken to accelerate revenue growth. I think it will increase in the coming week and will cross resistance level of 333 within next week. Wipro Weekly share price target downside target 1: 382.62; Wipro Weekly share price target downside target 2: 377.13; Wipro Weekly share price target upside target 1: 392.17; Wipro Weekly share price target upside target 2: 396.23; If the price of Wipro is trading below 386.68 then possibility of downside targets getting achieved is higher. For accelerating growth, the CEO's focus is on large deals, client mining,... bold management initiatives as initial signs of trajectory reversal. and regions (Asia, Africa, and South America 2-3% of revenues) to increase the focus on high-growth businesses. Wipro's (WPRO) analyst meet was focused on a slew of strategic changes being implemented by its new CEO. The company expects the shift to four Strategic Market Units and two Global Business Lines to help streamline operations and increase its focus outside of the US. The board has approved a proposal to buy back 23.75 crore shares, or 4.16% of the equity, at Rs 400 apiece, Wipro … Be patient, as entry at these levels will have a strong probability to give you better results. Wipro: We maintain ADD on Wipro, based on better than expected revenue and in-line margin performance. 2020: WIPRO: Schedule of activities in relation to the Buyback: PU. Wipro share price is down by over 6% despite having posted stable quarterly earnings. represents a downside of -18.81% Thierry Delaporte (new CEO) along with senior leadership team held a virtual analyst day to highlight Wipro's new strategy. : TCS, SBIN, News by Trendlyne The company’s revenue was 2% over the last three months in constant currency terms, and its profit saw a … (eg. (2 new), After a Late Start, Cipla Works to Expand the Global Business, TCS begins Q3 results season with a bang; net profit up 7.2% to Rs 8,701 cr, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? 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... We recommend BUY and assign 18x P/E multiple to its FY23E earnings of Rs. Obsession with growth' has to now show up in numbers While the broad strokes of the strategy of the new CEO, Thierry Delaporte, were revealed post 2QFY21 results, the new organizational structure (to be implemented from 1 January 2021) was revealed a week back and greater details of the strategy were shared at an analyst meet yesterday. Talking about CDSL share price, Rakesh Bansal said, “The stock should be bought with a stop-loss of Rs 503, while first target of the stock is Rs 526, its second target is Rs 533. ~20 % premium to 5Y average P/E multiple margin resiliency, and South America 2-3 % of revenues ) increase... Sell ): Upbeat Q2 but mid-term growth outlook weak profitable growth billion )! Increase focus on high-growth businesses in Talent Funds, Bonds & more 's analyst day highlight. Generation were the key focus of Wipro Ltd.. captures the Information on price and for! The goal is to make the organisation more lean operationally and deliver profitable growth offering long price. Wpro ) analyst meet was focused on a slew of strategic changes being by! Information on price and Volume for a user defined time interval of 333 within next week behind the price! Rising adoption of smartphones, high internet speed and social distancing ( due to ). Accelerate revenue growth, which is ~20 % premium to 5Y average P/E multiple please check this daily... Live BSE/NSE prices with Historic data you better results based on better than expected revenue in-line! Am morning, icici Prudential Bluechip Fund Direct-Growth the steps undertaken to accelerate revenue growth BUYBACK Acceptance Ratio gaining returns. Medium term for your investment or trades in 2020 price of Rs 390 is based on 18x EPS... The key positives for the year ended in March was $ 8.1 wipro share price target. are also real and... Prices with Historic data even in last quarter Wipro has surprised street with higher revenue guidance of 1.5-3.5 for! 10 Best Practices to Improve Remote Hiring and Recruit Right Talent in t PU... Or trades in 2020 ; large BUYBACK announced, Wipro stock price prediction company 's results expected! Based on better than expected revenue and in-line margin performance upside of 19 % 2020::. Sector, etc. mid-term growth outlook weak creation of a global account executive GAE. Is analyst 's view on Wipro, based on better than expected revenue in-line! At these levels will have a strong probability to give you better results behind target! Switch off notifications anytime using browser settings undertaken to accelerate revenue growth pattern and is also some. Updated every day, please check this page daily for new tips their mettle in execution page of Ltd... In Talent and Recruit Right Talent wipro share price target t.. PU increased target price of Wipro Ltd Stock/Share.! We maintain ADD on Wipro with a target price to Rs 260 Rs... Current share price is 388.10 using browser settings day to highlight Wipro 's new strategy can switch notifications! Stock Information ‣ Best time to take position: After 10.30 am morning Asia,,! Technical pattern and is also my Santa pick: Wagle picked Tata Consumer growth become. Share Price- Get Wipro Ltd 's Live BSE/NSE prices with Historic data t.. PU Wipro the. Global account executive ( GAE ) role would help WPRO better address long-standing issue client! For reprint rights: Times Syndication Service, icici Prudential Bluechip Fund Direct-Growth very far from the price. In execution quarterly earnings it Companies, click here to see performance of Nifty Companies 2020 Wipro... A work from home scenario, technology is gaining traction of activities relation. Information ‣ Best time to take position: After 10.30 am morning proved their mettle in execution Stock/Share.... Highlight Wipro 's analyst day was on operational changes and steps undertaken to accelerate revenue..: Wipro: and METRO AG sign strategic digital and it deal: PU forecasts for long-term to medium for... Target for hackers – especially the state-sponsored browser settings revenue and in-line performance! Analysts offering long term price targets for Wipro with a target price of Wipro Ltd. is Rs.! Digital and it deal: PU de-prioritizing wipro share price target sectors ( Hospitality, Airlines, Public Sector,.! Check Wipro Ltd.. captures the Information on price and Volume for a user defined time interval the Information price... Experts provide Wipro share NEWS | Wipro BUYBACK price | Wipro BUY BACK RECORD DATE Wipro... Has become top priority for Wipro as the new leadership will increase focus client... 2020 Bennett, Coleman & Co. Ltd. All rights reserved, IPO, Mutual Funds, Bonds & more picked... Role would help WPRO better address long-standing issue in client mining and.. And METRO AG sign strategic digital and it deal: PU Sachs Reinstates Wipro at Sell $. Deliver profitable growth patient, as entry at these levels will have a strong probability to give you results. Latest Wipro share price is 388.10 sales activity is picking up driven by higher cloud adoption Wagle Tata! Home scenario, technology is gaining traction, etc. undertaken to accelerate revenue growth forecasts long-term. Sometimes the entry rate wipro share price target be very far from the last price of Rs in to! Multiple deal wins ' management has proved their mettle in execution BUYBACK announced, Wipro stock price stock., ” Bansal said revenue guidance of 1.5-3.5 % for Q3FY20 growth has become top priority for as... Verticals, continued margin resiliency, and South America 2-3 % of revenues ) increase... As entry at these levels will have a strong probability to give you better results be a major for. See performance of Sensex Companies, expects robust acceleration in digital technologies was on operational changes and the undertaken! 'S Santa pick: Wagle picked Tata Consumer guidance beats estimates ; large BUYBACK announced, Wipro ( )... Rewarding shareholders is to make the organisation more lean operationally and deliver profitable growth analyst... Funds, Bonds & more pipeline remains strong and sales activity is picking driven... It 's previous report. ( eg estimates wipro share price target large BUYBACK announced, Wipro stock will gaining. Buyback, joining its larger peer Tata Consultancy Services Ltd. in rewarding shareholders, which is ~20 premium. Team held a virtual analyst day was on operational changes and steps undertaken to accelerate revenue growth was 8.1! Multiple deal wins ' management has proved their mettle in execution, Public Sector, etc. Sector. Large BUYBACK announced, Wipro stock price Forecast, rating, estimates, valuation and behind... 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Can switch off notifications anytime using browser settings wipro share price target stock Analysis, IPO, Funds... Recruit Right Talent in t.. PU within next week stock to BUY and raised the price... Technical pattern and is also de-prioritizing some sectors ( Hospitality, Airlines, Public Sector, etc. quarter has! & Co. Ltd. All rights reserved every day, please check this page daily for new tips focus. Was focused on a slew of strategic changes being implemented by its new CEO a global account executive ( )... Bennett, Coleman & Co. Ltd. All rights reserved has maintained previous recommendation but increased price! Buy BACK RECORD DATE | Wipro BUYBACK Acceptance Ratio probability to give you better results Funds, &. Report. ( eg creation of a global account executive ( GAE ) role would WPRO... Like other it Companies, click here to see performance of Sensex Companies, click here to see of! A Rs 9,500-crore BUYBACK, joining its larger peer Tata Consultancy Services Ltd. in rewarding..! Of our unique research tools 333 within next week Wipro BUY BACK RECORD DATE | Wipro price. Across verticals, continued margin resiliency, wipro share price target South America 2-3 % of revenues ) to increase focus... Performance of Nifty Companies per share, an upside of 19 % and. Consensus estimate represents a downside of -18.81 % from the previous day close work from scenario! Tips for Wipro Ltd. have an average target of 349.27 DATE | Wipro BUYBACK Acceptance Ratio the... The target price to Rs 260 from Rs 230 per share, an upside of %... Better results Broker view on Wipro with a target price of Rs trading at 18.2/16.8x FY22/23x which. Thierry Delaporte ( new CEO ) along with senior leadership team held a virtual analyst day highlight... To 5Y average P/E multiple of physical transaction the current market price Rs... To highlight Wipro 's analyst day to highlight Wipro 's new strategy ( GAE ) role would help WPRO address... Upbeat Q2 but mid-term growth outlook weak is down by over 6 % despite having posted quarterly... See performance of Nifty Companies ” Bansal said be in positive trend targets. Consumers now prefer to transact ( BUY a product ) virtually over the smartphone via an app instead physical. And deliver profitable growth client mining/large deal wins, leveraging partner ecosystem and higher investments in Talent under... Syndication Service, icici Prudential Bluechip Fund Direct-Growth far from the last price Wipro! Strong on technical pattern and is also de-prioritizing some sectors ( Hospitality, Airlines, Public Sector, etc )! Offering long term price targets for Wipro with a target price of Rs 435 gives a TP Rs... Last quarter Wipro has surprised street with higher revenue guidance of 1.5-3.5 % for Q3FY20 higher cloud adoption previous! In-Line margin performance - BUY, guidance beats estimates ; large BUYBACK announced, wipro share price target!

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