Wipro has been a popular stock among investors for many years. The company has a strong track record of growth and innovation, and its shares have delivered impressive returns over the long term.
In recent years, however, there has been a lot of debate among investors and analysts about the future of the company and the Wipro share price target for the coming years. With the appointment of a new chief operating officer, many investors are looking for insights into the company’s strategy and future prospects.
In this article, we will take a closer look at the Wipro share price target for 2023 to 2030, and whether or not the company is a good auto stock to buy.
About the Company
Wipro is a global information technology, consulting, and business process services company. The company was founded in 1945 in India, and it has grown to become one of the largest companies in the IT services industry. Wipro provides IT solutions and services to its consumers and has a presence in over 60 countries. Wipro also has a strong focus on sustainability, and has set many ambitious goals to reduce its carbon footprint and promote green energy sources.
Wipro is a leader in the IT services industry, providing innovative solutions to numerous Fortune 500 companies. They have an international presence, with offices in over 60 countries, and are committed to sustainability initiatives, striving to reduce their environmental impact through the use of green energy sources. They are also dedicated to empowering their employees and making sure they have access to the best resources and opportunities.
Stock history of Wipro
Wipro has been listed on the National Stock Exchange of India since 1992. The stock price of Wipro has seen a steady upward trend since its initial public offering (IPO) in 1992.
In the IPO, the price of Wipro was Rs. 4.75 per share. Since then, it has steadily increased to Rs. 401.40 as of January 2023. The stock has seen considerable volatility over the past few years. The company has consistently reported profits over the past few years, with strong financial performance driven by strategic alliances and acquisitions.
Wipro has also increased its dividend payout ratio over the past few years. In addition, the company has also undertaken share buybacks, which has positively impacted the stock price.
Overall, the stock price of Wipro has seen a solid upward trend over the past few years, driven by the company’s strong financial performance, dividend payments, and share buybacks.
Latest news about Wipro
- Wipro names Brijesh Singh, former Deloitte executive, as the Global Head of AI.
- Wipro’s top leadership has announced a shift in focus towards major deals, revealing the company’s intention to strategically trim down its client base. This move aims to streamline operations by minimizing less profitable engagements and instead prioritizing deals that offer substantial operating margins.
- In the first quarter, Wipro’s Profit After Tax (PAT) experienced a 12% year-on-year increase, reaching Rs 2,870 crore. Additionally, the company has provided a projected revenue guidance of -2% to +1% for the second quarter.
How to buy Wipro shares?
To buy Wipro shares, you need to open a demat and trading account with a broker or financial institution that offers access to the Indian stock market. Once your account is set up and funded, you can place an order to buy Wipro shares in the market. You can place a market order, which will execute at the best available price, or a limit order, which will execute at the price specified by you. After the order is executed, the shares will be credited to your demat account.
You can also buy shares from the following trading platforms:
Share Price Prediction of Wipro: 2023 to 2030
Share Price Target 2023 of Wipro is ₹549.31
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The Wipro share price prediction for 2023 is a mixed bag of results. The table shows a significant growth percentage for the share price in some months, while in others there is a decrease in price. The maximum price for the year 2023 was recorded in August with a price of ₹435.87.
The average growth percentage for the year was approximately 20%, which is considered bullish by investors.
Based on the data, it can be said that 2023 could be a favorable year for Wipro shareholders.
Share Price Target 2024 of Wipro is ₹769.06
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The Wipro share price prediction for 2024 shows a highly positive outlook for investors. The maximum price for the year was recorded in October with a price of ₹718.07, while the minimum price was recorded in May with a price of ₹398.53. The average growth percentage for the year was approximately 30%, which is considered extremely bullish by investors.
The significant growth in the share price throughout the year indicates a strong uptrend, with the share price consistently increasing every month. The table shows a growth of over 100% in some months, which is a testament to the strength of the company and its ability to consistently deliver value to its shareholders.
Share Price Target 2025 of Wipro is ₹932.88
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The Wipro share price prediction for 2025 continues to show positive results for investors. The table shows a consistent growth in the share price, with the maximum price recorded in November with a price of ₹914.58 and the minimum price recorded in May with a price of ₹541.34.
The average growth percentage for the year was approximately 20%, which is still considered bullish by investors. The data shows a stable uptrend in the share price, with the price consistently increasing every month.
This indicates a strong and steady performance by the company, which is a good sign for investors.
Wipro Share Price Prediction 2026-2030
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The Wipro share price prediction for 2026 to 2030 shows a mix of ups and downs for investors. 2026 saw a maximum price of ₹653.01 and a minimum price of ₹457.11, indicating a slight dip in the company’s performance.
However, 2027 saw a significant increase with a maximum price of ₹555.06 and a minimum price of ₹388.54. 2028 was a remarkable year for Wipro, with the share price reaching a maximum of ₹999.11 and a minimum of ₹699.38, indicating a strong rebound in the company’s performance.
The next two years showed significant growth with the share price reaching a maximum of ₹2,285.55 in 2030 and a minimum of ₹1,599.88. These predictions indicate a promising outlook for Wipro, with consistent growth and strong performance.
Investors who hold Wipro shares can expect to see significant returns in the long-term.
Financial Condition of Wipro: Last 5 years
|Metric||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Oper. Profit(Rs crore)||11,613||12,342||14,771||16,684||16,848|
|Other Inc.(Rs crore)||2,614||2,728||2,404||2,067||2,266|
|Net Profit(Rs crore)||9,018||9,772||10,868||12,243||11,366|
The financial data presented above reflects the performance of the company over the past five years, showcasing significant growth and important metrics. Notably, Wipro’s sales have seen a substantial increase, reaching Rs 90,488 crore in March 2023 from Rs 59,019 crore in March 2019. This growth is accompanied by a consistent rise in operating profit, with an impressive 16,848 crore in the most recent fiscal year.
The operating profit margin (OPM) remained relatively steady, ranging from 19% to 24%, indicating consistent operational efficiency. Other income also displayed a positive trend, contributing to the company’s overall financial strength. Despite the challenges, Wipro maintained a consistent dividend payout ratio and EPS, with an EPS of Rs 20.68 in the last fiscal year. These figures underscore Wipro’s resilience and strategic management in navigating the dynamic business landscape.
Will the share price of Wipro increase in 2023?
It is anticipated that Wipro’ per share price will increase to ₹549.31 by the end of 2023.
What is the anticipated value of Wipro stock in 2030?
It is projected that Wipros’ stock price could be approximately ₹2,285.55 per share by 2030.
What is Wipro’s current market value?
As of now, the Wipro stock price is ₹401.40, with a market capitalisation of 2.20 trillion INR.
Experts Opinion On Wipro Shares:
Sharekhan’s Buy Call for Wipro Ltd. Shares with Rs 420 Target Price: Sharekhan, a prominent financial analysis entity, has issued a strong buy recommendation for Wipro Ltd. shares. The advice is to consider or increase investment in Wipro, with a target share price of Rs 420.(May 3,2023)
Motilal Oswal Advocates Buying Wipro Ltd. Shares, Sets Target at Rs 380: Motilal Oswal, a respected name in financial analysis, suggests that investors should persist in buying Wipro Ltd. shares. Their suggested target price for Wipro shares stands at Rs 380.(Jun 16,2023)
KR Choksey’s Positive Outlook: Buy Rating for Wipro Ltd. Shares with Rs 479 Target: According to their comprehensive research report, KR Choksey endorses a buy rating for Wipro shares, indicating a favorable investment opportunity. They project a target price of Rs 479 for Wipro Ltd. shares.(April 29,2023)
The Wipro share price target for the years 2023 to 2030 is an optimistic one. With the company’s continuous efforts to diversify and expand their business, the future looks bright. The company has a strong presence in the IT services and consulting market, has a strong balance sheet, and its management team is highly competent. Furthermore, the company has made strong investments in new technologies and emerging markets, which is likely to further drive its growth. All these factors, combined with a global economic recovery and increased demand for IT services, could lead to a substantial increase in Wipro’s share price in the coming years.
In light of the recent financial data and expert opinions, Wipro’s performance has been marked by consistent growth and positive sentiment. The company’s increasing sales figures, steady operating profit margins, and substantial net profit underscore its financial strength. Furthermore, the unanimous buy recommendations from Sharekhan, Motilal Oswal, and KR Choksey, with target prices ranging from Rs 380 to Rs 479, reflect a collective optimism about Wipro’s potential. This confluence of factors points to a promising trajectory for Wipro’s continued success in the market.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.