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Welcome to our blog, where we go into the world of finance and today we focus on Wipro Share Price Target 2024, 2025, 2030 and 2040. In this article, we will discuss the company’s share price target, delving into its fundamentals and examining shareholdings, returns and growth factors.
Understanding Wipro Share
What is Wipro?
Wipro Limited is a leading IT company headquartered in Bangalore, India. Founded by Azim Premji on December 29, 1945, Wipro has become one of the leading players in the IT industry. His expertise is in information technology, consulting and business process services (BPS). Ranked as India’s fourth largest IT company, Wipro is following in the footsteps of TCS, Infosys and HCL Technologies.
| COMPANY TYPE | Public |
|---|---|
| INDUSTRY | IT ( Information technology ) |
| FOUNDED | 29 December 1945 |
| FOUNDER | Mr. Azim Premji |
| HEADQUARTERS | Bangalore |
| WEBSITE | https://www.wipro.com/ |
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Wipro Share Price Target 2023, 2024, 2025 and 2030
Wipro Share Price Target 2023 📊
Wipro Limited has recorded a decline in returns, by 6% and 46%, over the last six months and one year, respectively. The decline in the enterprise’s stock can be attributed to the dearth of projected progress.
If Wipro demonstrates notable performance in the ensuing financial quarter, it is anticipated that the projected Wipro Share Price Target 2023 will be ₹440-458. An additional plausible target of INR 458 may also be envisaged. Despite possessing strong fundamental qualities, Wipro Limited has experienced a decline in its shares due to the recent economic downturn.
| Wipro Share Price Target Year | First Target | Second Target |
| Wipro Share Price Target 2023 | Rs 440 | Rs 458 |
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Wipro Share Price Target 2024 📊
With a market capitalization of Rs. 2,22,667.66 crore, Wipro’s debt amounts to Rs. 7,679.10 crore. Analyzing the company’s performance, the 52-week high for Wipro’s stock was recorded at 616, with the 52-week low at Rs. 372.40.
Looking ahead to 2024, the first share price target is projected at Rs. 465, while the second target is estimated to reach Rs. 488.
| Wipro Share Price Target Year | First Target | Second Target |
| Wipro Share Price Target 2024 | Rs 465 | Rs 488 |
Wipro Share Price Target 2025 📊
Analyzing the returns and growth of Wipro Limited, the company has maintained a commendable Return on Equity (ROE) of 21.61% over the past three years. Moreover, the Return on Capital Employed (ROCE) has been consistent at 21.98%.
With these positive indicators, the first target for Wipro share price 2025 is expected to reach Rs. 548, while the second target price is estimated at Rs. 565, reflecting sustained growth.
| Wipro Share Price Target Year | First Target | Second Target |
| Wipro Share Price Target 2025 | Rs 548 | Rs 565 |
Wipro Share Price in 2030 | Wipro share price target 2030
Can’t predict Wipro share price target in 2030 . The share price is likely to increase based on current performance and IT industry growth. Indian IT industry to grow at 12.5% CAGR from 2022-2027: NASSCOM report. Factors driving growth: Increasing demand for digital services from businesses and governments worldwide.
Wipro is a top Indian IT company with impressive growth. Diversified portfolio, well-positioned for IT industry growth. Expect a 50% increase in Wipro share price in 5 years. The share price may increase further depending on industry and company performance.
Considering this growth trajectory, Wipro Share Price Target 2030 the first share price target is projected at Rs. 885, while the second target is estimated to reach Rs. 950.
| Wipro Share Price Target Year | First Target | Second Target |
| Wipro Share Price Target 2030 | Rs 885 | Rs 950 |
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Wipro Share Holdings data
Understanding the shareholding structure of Wipro Limited that provides valuable insights of wipro company stability and investor confidence. Basie on the latest available data, the shareholdings are as follows:
- Promoters: 72.94%
- Public: 10.55%
- Domestic Institutional Investors (DII): 7.84%
- Foreign Institutional Investors (FII): 6.63%
In this figures demonstrate a strong promoter holding, indicating a positive sentiment among major stakeholders.
Wipro Similar Stocks
To gain a holistic view of the industry, it is beneficial to compare Wipro Limited with similar stocks. we analysis Some similar companies stocks in the IT sector include:
- HCL Tech
- Tech Mahindra
- TCS
- Infosys
- LTI Mindtree
- Tata Elxsi
These all companies share similar industry dynamics that can provide valuable context for investment decisions.
Know about the Returns of Wipro Share
Exploring the historical performance of Wipro Limited stock can aid in assessing its potential. The returns for different timeframes are as follows:
- 5 YEARS: 85.68%
- 1 YEAR: -27.82%
- 6 MONTHS: -7.57%
- 1 MONTH: 2.89%
These figures indicate that Wipro Limited has shown significant returns over the long term, despite short-term fluctuations.
- Also read: 👉 Karnataka bank share price target 2023 – 2030
- Also read: :👉 Tata Motors Share Price Target 2023 – 2050
- Read this also: 👉 TCS Share Price Target 2023 – 2050
Wipro Share Price Target 2023, 2024, 2025, 2030 Complete Information
To summarize the share price targets for Wipro Limited across different years, refer to the following table:
| Year | Price |
|---|---|
| 2023 | ₹440 – 458 |
| 2024 | ₹465 – 488 |
| 2025 | ₹548 – 565 |
| 2030 | ₹885 – 950 |
These targets provide investors with an overview of the expected price ranges for Wipro’s shares in the specified years.
FAQ’s
Is Wipro a good buy 2023?
Whether Wipro is a good buy in 2023 depends on your goals and risk tolerance. It has a strong record of growth and profitability and is well-positioned for IT sector growth. Wipro’s strong financial performance in FY 2022: revenue of $27.3 billion and net income of $3.2 billion.
What will be Wipro share price after 5 years?
Uncertain Wipro share price after 5 years. Based on performance and industry growth, share price is likely to rise. Indian IT industry to grow at 12.5% CAGR from 2022-2027.
What is the target price of Wipro in 2025?
Wipro wipro share price target 2025 varies by analyst or research firm. Analysts predict Wipro share price may hit ₹548 ($7.20) by 2025.
What is the target of Wipro for next 5 years?
Wipro aims for big goals in 5 years. The goal: $30B revenue, 20% operating margin, $10B free cash flow. Wipro believes it can reach its goals by emphasizing its strengths – customer relations, domain expertise, and global delivery model.
Conclusion
In conclusion, Wipro Limited represents a compelling investment opportunity within the IT sector. Company robust fundamentals, steady growth, and Wipro share price targets for 2023, 2024, 2025, and 2030 suggest a promising future. However, it is essential to acknowledge the inherent risks associated with the stock market.
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