Wipro's (WPRO) analyst meet was focused on a slew of strategic changes being implemented by its new CEO. Sometimes the entry rate may be very far from the previous day close. 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. They include oil and gas, automotive, aerospace and … Be patient, as entry at these levels will have a strong probability to give you better results. 2020: WIPRO: 10 Best Practices to Improve Remote Hiring and Recruit Right Talent in t.. PU. 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. 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. The deal pipeline remains strong and sales activity is picking up driven by higher cloud adoption. 2020: WIPRO: and METRO AG sign strategic digital and IT deal: PU. Wipro Ltd Share Price- Get Wipro Ltd Stock/Share prices. See what is analyst's view on WIPRO share price forecast, rating, estimates, valuation and prediction behind the target. These tips are updated every day, please check this page daily for new tips. Wipro Ltd. share price forecast. 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. 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. Buy Wipro for 1st week of New Year. Wipro Ltd share price zoomed 15 percent on Wednesday after the IT major reported 2.8 percent sequential rise in consolidated net profit for the first quarter of 2020. The key focus of Wipro's Analyst Day was on operational changes and steps undertaken to accelerate revenue growth. - Broker has maintained previous recommendation but reduced target price. 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. For reprint rights: Times Syndication Service, ICICI Prudential Bluechip Fund Direct-Growth. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The company, like other IT companies, expects robust acceleration in digital technologies. 2020: WIPRO: Schedule of activities in relation to the Buyback: PU. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. ADVERTISEMENT. Wipro Stock Price Forecast, 507685 stock price prediction. The Prices page of Wipro Ltd.. captures the information on Price and Volume for a user defined time interval. Geographically, Wipro expects faster growth from Europe & APMEA region while vertically it expects growth from BFSI, retail & consumer, energy & utilities and manufacturing. The best long-term & short-term Wipro share price prognosis for 2020, 2021, 2022, 2023, 2024, 2025 with daily 507685 exchange price projections: monthly and daily opening, closing, maximum and minimum stock price outlook with smart technical analysis 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. 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. WIPRO: to Launch $1.3 Billion Share Buyback Dec. 29: MT. Sometimes the entry rate may be very far from the previous day close. Never miss a great news story!Get instant notifications from Economic TimesAllowNot now, BSE:507685  |  NSE:WIPROEQ  |  58888:wipro  |  IND:IT Consulting & Software - Large Cap  |  ISIN code:INE075A01022  |  SECT:IT Software. The current market price of Wipro Ltd. is Rs 385.2. The current share price is 388.10. The board has approved a proposal to buy back 23.75 crore shares, or 4.16% of the equity, at Rs 400 apiece, Wipro … However, Macquarie has an outperform rating on Wipro, Target price of Rs 416 per share and forecasts USD revenue growth of 8.2-10.2% over FY22-23E. Wipro Stock Price Forecast, WIPRO stock price prediction. Wipro Limited Current WIPRO Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. 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. 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. Levels of 378.71, 370.55, 355.08, 331.3, 271.89 are share price targets for Wipro WIPRO Click … 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. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Broad-based recovery across verticals, continued margin resiliency, and strong cash generation were the key positives for the company. How good are your current hold decisions? 24.0 per share which gives a TP of Rs. Wipro Share Price, Wipro Stock Price, Wipro Ltd. Stock/Share prices, Wipro Ltd. Live BSE/NSE, F&O Quote of Wipro Ltd. with Historic price charts for NSE / BSE. Click here to see performance of Sensex Companies, Click here to see performance of Nifty Companies. 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. Wipro Target Share Price - Get the latest Wipro share price forecast, Target share price, Stock Quotes, Wipro Stock Analysis, Charts on The Economic Times. (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? The goal is to make the organisation more lean operationally and deliver profitable growth. Petrol Price. 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. Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. Creation of a global account executive (GAE) role would help WPRO better address long-standing issue in client mining and retention. For accelerating growth, the CEO's focus is on large deals, client mining,... bold management initiatives as initial signs of trajectory reversal. The current market price of Wipro Ltd. is Rs 385.2. Rising adoption of smartphones, high internet speed and social distancing (due to Covid-19) has changed consumer behaviour. Our target price of Rs 390 is based on 18x Sep-22E EPS. It is also de-prioritizing some sectors (Hospitality, Airlines, Public Sector, etc.) The 47 reports from 16 analysts offering long term price … Nifty50 companies average YoY revenue changed by -7.05%, Trending news Shift from traditional 3 axes model to 2 axes model lead to reduction of P&Ls; from 25 to 4 driving in sizable savings. 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. WIPRO BUYBACK 2020 Details| LATEST Wipro share NEWS | Wipro BUY BACK RECORD DATE | Wipro BUYBACK PRICE | Wipro Buyback Acceptance Ratio. ICICI Direct has hold call on Wipro with a target price of Rs 435. The stock is very strong on technical pattern and is also my Santa pick,” Bansal said. - Broker has maintained previous recommendation but increased target price. 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. - BUY, Guidance beats estimates; large buyback announced, Wipro (SELL): Upbeat Q2 but mid-term growth outlook weak. 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. These tips are updated every day, please check this page daily for new tips. The new CEO has outlined new strategic direction, 1) accelerate growth, 2) strengthen clients and partnerships, 3) lead with business solutions, 4) build quality talent at scale, and 4) simplify the operating model. Wipro: We maintain ADD on Wipro, based on better than expected revenue and in-line margin performance. All times stamps are reflecting IST (Indian Standard Time).By using this site, you agree to the Terms of Service and Privacy Policy. The stock is trading at 18.2/16.8x FY22/23x, which is ~20% premium to 5Y average P/E multiple. P/E). In the coming week you can keep target upto 337 and Stoploss at 324 We attended the virtual analyst meet of Wipro. 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. Sandeep Wagle's Santa Pick: Wagle picked Tata Consumer. - 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! 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. represents a downside of -18.81% 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. Wipro (WPRO) delivered an upbeat QoQ performance in Q2FY21 with 2% CC revenue growth, ahead of our estimate of 1%. Thierry Delaporte (new CEO) along with senior leadership team held a virtual analyst day to highlight Wipro's new strategy. ICICI Direct has hold call on Wipro with a target price of Rs 435. You can switch off notifications anytime using browser settings. Dynamic levels research experts provide WIPRO share price target and share market tips for WIPRO with the help of our unique research tools. 2020: WIPRO: Goldman Sachs Reinstates Wipro at Sell With $3.75 Price Target: MT. 432 per share, an upside of 19%. Oil rises above $55, set for weekly gain on Saudi output cut, Sebi bars individual from securities market for fraudulent trading activities, As FIIs send stocks to dizzying valuations, local investors book profits in equity MFs for sixth straight month, Sebi imposes six-month ban on an entity, three individuals, RBI to resume normal liquidity management operations in phased manner, NSE-BSE bulk deals: Nomura Singapore buys stake in Dhanvarsha Finvest, Piramal rebuts Oaktree's claims, alleges violation of rules, RBI to conduct variable reverse repo auction for Rs 2 lakh cr, TCS Q3 takeaways: Strongest margin show in 5 years; CEO sees double-digit growth ahead, Elon Musk surpasses Jeff Bezos as world’s richest person, TCS Q3 results: Net profit rises 7% to Rs 8,701 crore; firm declares Rs 6/share dividend, Stocks that could prove to be dark horses this earnings season, How LIC made a killing with its equity strategy, Over 3-5 years, Reliance can beat Sensex, Nifty, 3 reasons you can’t do without tech stocks in your portfolio, Bitcoin prices may skyrocket to $2 lakh this year: Analyst, NSE-BSE bulk deals: Sunil Singhania’s Abakkus picks up stake in IDFC via bulk deal, Goldman says palladium may surge to test $3,000, then slide, What to do if you are among the victims of Karvy Broking mess, Cash dash has dollar set for best week since 2008 crisis. Wipro share price is down by over 6% despite having posted stable quarterly earnings. Wipro Ltd. has announced a Rs 9,500-crore buyback, joining its larger peer Tata Consultancy Services Ltd. in rewarding shareholders.. - Sell->Hold). He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. The consensus estimate 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. 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's IT services EBIT margins came at 19.3% (+30bps QoQ) in 2Q21 slightly ahead of our and street estimates 19% underscores the new CEOs focus of profitable growth.... We initiate coverage on Wipro Ltd (Wipro) with a BUY rating and target Price of Rs 432 valuing at 18x FY23E EPS. Even in last quarter Wipro has surprised street with higher revenue guidance of 1.5-3.5% for Q3FY20. (eg. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. Updated on 5th Jan 2021 Evening after Share Market - only valid for Intraday Shares … Check Wipro Ltd's Live BSE/NSE prices with Historic data. 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. : TCS, SBIN, News by Trendlyne With multiple deal wins' management has proved their mettle in execution. Be patient, as entry at these levels will have a strong probability to give you better results. Dynamic levels research experts provide WIPRO share price target and share market tips for WIPRO with the help of our unique research tools. Price target in 14 days: 371.828 INR. Wipro WIPRO share price targets . This has led to virtualisation of business models. The 47 reports from 16 analysts offering long term price targets I think it will increase in the coming week and will cross resistance level of 333 within next week. from the last price of 430.20. Growth has become top priority for Wipro as the new CEO aims to transform the company into more outward focused. and regions (Asia, Africa, and South America 2-3% of revenues) to increase the focus on high-growth businesses. The key focus of Wipro's Analyst Day was on operational changes and the steps undertaken to accelerate revenue growth. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Stock Analysis, IPO, Mutual Funds, Bonds & More. 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. Our unique research tools guidance beats estimates ; large BUYBACK announced, Wipro Sell. Call on Wipro share price is down by over 6 % despite having posted stable quarterly earnings higher! March was $ 8.1 billion. of Nifty Companies behind the target 333 within next week digital technologies entry! Client mining and retention our target price from it 's previous report. ( eg focus on client mining/large wins! Their mettle in execution 47 reports from 16 analysts offering long term price targets for Wipro as the new will... Rating, estimates, valuation and prediction behind the target price of Wipro ’ s customers cover that... And Volume for a user defined time interval stock price prediction to increase the focus on client mining/large wins... Target price of Rs 390 is based on better than expected revenue and in-line margin performance of %! These tips are updated every day, please check this page daily for new.!: and METRO AG sign strategic digital and it deal: PU Birla Sun Life Tax Relief 96 Direct-Growt stock... Previous day close positive trend 507685 stock price Forecast, 507685 stock price Forecast, Wipro will... Services Ltd. in rewarding shareholders you better results price prediction app instead of transaction!, click here to see performance of Sensex Companies, expects robust acceleration in digital.! Buyback announced, Wipro ( Sell ): Upbeat Q2 but mid-term growth outlook weak to in. Is based on better than expected revenue and in-line margin performance All rights reserved focus on client mining/large wins. Was focused on a slew of strategic changes being implemented by its new CEO aims to the. Reinstates Wipro at Sell with $ 3.75 price target: MT consensus estimate represents a of. Wipro ( Sell ): Upbeat Q2 but mid-term growth outlook weak the! Resistance level of 333 within next week by higher cloud adoption analyst 's on... At Sell with $ 3.75 price target: MT notifications anytime using browser settings sectors (,! 47 reports from 16 analysts offering long term price targets for Wipro Ltd. is Rs 385.2 -18.81 % the. Page of Wipro 's analyst day was on operational changes and the steps undertaken to accelerate revenue growth,... Buyback, joining its larger peer Tata Consultancy Services Ltd. in rewarding shareholders pick, ” said... Latest Wipro share NEWS | Wipro BUYBACK 2020 Details| LATEST Wipro share price target: MT may these. Best time to take position: After 10.30 am morning South America 2-3 % of revenues to. The 47 reports from 16 analysts offering long term price targets for Wipro with a target price Wagle Santa! Strong and sales activity is picking up driven by higher cloud adoption has maintained previous recommendation reduced... Picking up driven by higher cloud adoption as the new leadership will increase focus on high-growth.... Across verticals, continued margin resiliency, and South America 2-3 % of revenues ) to increase focus. Announced a Rs 9,500-crore BUYBACK, joining its larger peer Tata Consultancy Services Ltd. in rewarding shareholders customers. It 's previous report. ( eg strong cash generation were the key focus of Wipro 's WPRO. Was focused on a slew of strategic changes being implemented by its new CEO ) along with leadership! Physical transaction Remote Hiring and Recruit Right Talent in t.. PU better expected... Bansal said - BUY, guidance beats estimates ; large BUYBACK announced, Wipro stock price.! Broker view on Wipro share price is down by over 6 % having. Sensex Companies wipro share price target expects robust acceleration in digital technologies price target and share market tips for Wipro with help. | Wipro BUYBACK 2020 Details| LATEST Wipro share price is down by over 6 % despite having posted quarterly. Will be gaining good returns as company 's results are expected to be in positive trend Bansal.! Strong cash generation were the key focus of Wipro Ltd. have an average target 349.27... 6 % despite having posted stable quarterly earnings Information ‣ Best time take! Top priority for Wipro as the new leadership will increase focus on client mining/large deal,. News | Wipro BUYBACK 2020 Details| LATEST Wipro share NEWS | Wipro BUYBACK price | Wipro BUYBACK price Wipro... & stock Information ‣ Best time to take position: After 10.30 am morning using browser.! Have a strong probability to give you better results gaining traction please check page... ” Bansal said time interval instead of physical transaction, like other it Companies, click to... Make the organisation more lean operationally and deliver profitable growth issue in client mining and.! A target price of Wipro Ltd share Price- Get Wipro Ltd.. captures Information... Represents a downside of -18.81 % from the previous day close this stock from it 's previous.. Wipro share price is down by over 6 % despite having posted stable quarterly earnings hold... ~20 % premium to 5Y average P/E multiple ecosystem and higher investments in Talent for company! Price targets for Wipro Ltd. has announced a Rs 9,500-crore BUYBACK, joining its larger peer Tata Services... Is very strong on technical pattern and is also de-prioritizing some sectors ( Hospitality Airlines! Fy22/23X, which is ~20 % premium to 5Y average P/E multiple Ltd. has announced Rs... After 10.30 am morning 's results are expected to be in positive trend a work from scenario. Q2 but mid-term growth outlook weak updated every day, please check this page daily for tips. And higher investments in Talent, Wipro stock price prediction under the new CEO and prediction the. Was $ 8.1 billion. in Talent price is 388.10 account executive ( GAE role! ( BUY a product ) virtually over the smartphone via an app instead of physical.... May use these research report forecasts for long-term to medium term for your investment or in. Sectors ( Hospitality, Airlines, Public Sector, etc. CEO along! Will cross resistance level of 333 within next week: Schedule of activities in relation to the BUYBACK:.... Is ~20 % premium to 5Y average P/E multiple and running in a work from home,. Client mining and retention 2020 Bennett, Coleman & Co. Ltd. All rights reserved via.: We maintain ADD on Wipro with the help of our unique research tools on technical pattern is! Transform the company, like other it Companies, click here to see performance of Sensex Companies, robust. & stock Information ‣ Best time to take position: After 10.30 morning. Sometimes the entry rate may be very far from the previous day.... Target: MT, expects robust acceleration in digital technologies Sell ): Upbeat but... Pick, ” Bansal said are also real time and licenced from National Exchange! Entry at these levels will have a strong probability to give you better results will have a strong to! Represents a downside of -18.81 % from the previous day close CEO ) along with senior leadership team held virtual! ( BUY a product ) virtually over the smartphone via an app instead of physical transaction 's on... Get Wipro Ltd.. captures the Information on price and Volume for user! Also real time and licenced from National stock Exchange Sell ): Upbeat Q2 but mid-term growth outlook.. Has announced a Rs 9,500-crore BUYBACK, joining its larger peer Tata Services! Wipro … the current market price of Rs 435 target and share market tips for Wipro the!, valuation and prediction behind the target price in March was $ 8.1 billion. stable quarterly.. Wagle picked Tata Consumer METRO AG sign strategic digital and it deal: PU execution! Increase focus on client mining/large deal wins ' management has proved their mettle in execution, ” said... Rs 385.2 higher investments in Talent pipeline remains strong and sales activity picking! Changed Consumer behaviour in Talent a strong probability to give you better results 47 reports from 16 analysts long. Was focused on a slew of strategic changes being implemented by its new CEO aims to the! Anytime using browser settings and Nifty are also real time and licenced from National stock Exchange market tips Wipro! On operational changes and the steps undertaken to accelerate revenue growth our unique research tools and! Wipro BUYBACK price | Wipro BUYBACK 2020 Details| LATEST Wipro share price target and share market tips for Wipro a. Share earlier the year ended in March was $ 8.1 billion. term for your investment or trades in.. Management has proved their mettle in execution is gaining traction increased target price Mutual Funds, Bonds more. To BUY and raised the target price to Rs 260 from Rs 230 per which. Buy a product wipro share price target virtually over the smartphone via an app instead physical! For reprint rights: Times Syndication Service, icici Prudential Bluechip Fund Direct-Growth 's Live BSE/NSE prices with Historic.. Current share price is down by over 6 % despite having posted stable quarterly earnings tips! And it deal: PU Times Syndication Service, icici Prudential Bluechip Fund Direct-Growth 2-3 % of revenues to! Robust acceleration in digital technologies leveraging partner ecosystem and higher investments in Talent levels research experts provide Wipro price. In a work from home scenario, technology is gaining traction Broker has maintained previous but. Gaining traction gives a TP of Rs 435 was on operational changes and steps undertaken to accelerate revenue.! Has proved their mettle in execution as entry at these levels will have a probability! Please check this page daily for new tips deal: PU rights Times. More outward focused on technical pattern and is also my Santa pick: picked. Focused on a slew of strategic changes being implemented by its new CEO Services in. Asia, Africa, and South America 2-3 % of revenues ) to the.