Broad-based recovery across verticals, continued margin resiliency, and strong cash generation were the key positives for the company. 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. The stock is trading at 18.2/16.8x FY22/23x, which is ~20% premium to 5Y average P/E multiple. The goal is to make the organisation more lean operationally and deliver profitable growth. Be patient, as entry at these levels will have a strong probability to give you better results. 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. The company’s revenue was 2% over the last three months in constant currency terms, and its profit saw a … It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. The current market price of Wipro Ltd. is Rs 385.2. I think it will increase in the coming week and will cross resistance level of 333 within next week. 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. Revenue growth of 2% QoQ CC was broad-based and guidance of +1.5 to +3.5% QoQ CC growth in 3Q is better than expectation. 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. The company expects the shift to four Strategic Market Units (SMUs; focused on sales) and two Global Business Lines (GBLs; focused on delivery) to help streamline operations and increase its focus outside of the US. While the new strategy seemed incremental in its approach, when we first heard it post 2QFY21, it now appears to be a dramatic shift, compared not so much to that of peers, but to Wipro's old one. 2020: WIPRO: and METRO AG sign strategic digital and IT deal: PU. and regions (Asia, Africa, and South America 2-3% of revenues) to increase the focus on high-growth businesses. The new CEO also highlighted his strategy of: 1) simplify operating model, 2) build talent at scale, 3) accelerate growth, 4) strengthen clients & partnership and 5) lead with business solution. 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. ICICI Direct has hold call on Wipro with a target price of Rs 435. (eg. 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. Zacks Investment Research upgraded shares of Wipro from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Saturday, November 7th. Wipro Ltd. has announced a Rs 9,500-crore buyback, joining its larger peer Tata Consultancy Services Ltd. in rewarding shareholders.. Price target in 14 days: 439.019 INR. ICICI Direct has hold call on Wipro with a target price of Rs 435. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. Wipro Target Share Price - Get the latest Wipro share price forecast, Target share price, Stock Quotes, Wipro Stock Analysis, Charts on The Economic Times. 16 WIPRO share price target reports by brokerages below. (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? Wipro WIPRO share price targets . Sandeep Wagle's Santa Pick: Wagle picked Tata Consumer. Wipro Stock Price Forecast, 507685 stock price prediction. Wipro (WPRO) delivered an upbeat QoQ performance in Q2FY21 with 2% CC revenue growth, ahead of our estimate of 1%. Experts & Broker view on Wipro … Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. Check Wipro Ltd's Live BSE/NSE prices with Historic data. - BUY, Guidance beats estimates; large buyback announced, Wipro (SELL): Upbeat Q2 but mid-term growth outlook weak. The current share price is 388.10. 2020: WIPRO: 10 Best Practices to Improve Remote Hiring and Recruit Right Talent in t.. PU. 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 Ltd. share price forecast The 44 reports from 16 analysts offering long term price targets for Wipro Ltd. have an average target of 349.27. The current market price of Wipro Ltd. is Rs 385.2. Wipro share price is down by over 6% despite having posted stable quarterly earnings. 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. Growth has become top priority for Wipro as the new CEO aims to transform the company into more outward focused. The stock is very strong on technical pattern and is also my Santa pick,” Bansal said. 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 47 reports from 16 analysts offering long term price targets 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. Rising adoption of smartphones, high internet speed and social distancing (due to Covid-19) has changed consumer behaviour. WIPRO BUYBACK 2020 Details| LATEST Wipro share NEWS | Wipro BUY BACK RECORD DATE | Wipro BUYBACK PRICE | Wipro Buyback Acceptance Ratio. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Stock Analysis, IPO, Mutual Funds, Bonds & More. - BUY, Wipro (SELL): Sweeping structural changes to simplify business model, Analyst Meet Update - Simplicity over perfection - BUY, Wipro: Operational restructuring to fund investments, Wipro- Analyst Meet Update- 'Obsession with growth' has to now show up in numbers, Operational restructuring to fund investments, Wipro- 2QFY21 Result Update- Focus on growth and clients; Decent start for new CEO, Q2FY21 Result Update - Strong Guidance! Petrol Price. Our target price of Rs 390 is based on 18x Sep-22E EPS. These tips are updated every day, please check this page daily for new tips. 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. - Broker has maintained previous recommendation but reduced target price. Wipro stock will be gaining good returns as company 's results are expected to be in positive trend. For accelerating growth, the CEO's focus is on large deals, client mining,... bold management initiatives as initial signs of trajectory reversal. With multiple deal wins' management has proved their mettle in execution. The Prices page of Wipro Ltd.. captures the information on Price and Volume for a user defined time interval. : TCS, SBIN, News by Trendlyne - Broker has maintained previous recommendation but increased target price. The company under the new leadership will increase focus on client mining/large deal wins, leveraging partner ecosystem and higher investments in talent. represents a downside of -18.81% Geographically, Wipro expects faster growth from Europe & APMEA region while vertically it expects growth from BFSI, retail & consumer, energy & utilities and manufacturing. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. Click here to see performance of Sensex Companies, Click here to see performance of Nifty Companies. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Shares are priced at $25.82, and the average price target of $59.19 suggests an upside potential of 132% for the next 12 months. 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 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. Credit Suisse upgraded the stock is trading at 18.2/16.8x FY22/23x, which is ~20 % premium to 5Y average multiple... 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Upbeat Q2 but mid-term growth outlook weak Stock/Share prices Rs 385.2 sectors ( Hospitality, Airlines wipro share price target Public Sector etc... Has proved their mettle in execution time interval by over 6 % despite having posted stable earnings.