One of the top global providers of consulting, business process services, and information technology, Wipro Ltd., has made tremendous advancements in the sector. Wipro has made a name for itself as a major player in the IT sector, with a market value of more than $100 billion and a presence in more than 50 countries.
Investors and other stakeholders have been keenly following Wipro’s financial results, and many are eager to forecast its share price in the future. The financial performance of Wipro, current market trends, and important variables that could affect its future success will all be examined in further detail in this article. We will give a share price target range for Wipro for the years 2023 to 2030 based on this analysis.
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Contents
WIPRO IN RECENT NEWS
- After the release of its Q1 results, Wipro’s stock surged by 7% in just two days, reaching a 10-month high.
- Despite Wipro’s announcement to invest $1 billion in AI over the next three years, the stock remained flat.
- Wipro has postponed salary hikes to the third quarter and will pay out 80% of variable pay for Q1FY24.
- In the face of a challenging business environment, Wipro demonstrated robust profitability by reporting a 12% year-on-year increase in net profit to ₹2,870.1 crore for Q1 FY2014.
- Wipro’s IT services segment revenue amounted to $2,778.5 million, showing a 0.8% year-on-year growth in dollar terms and a 6.1% increase in Indian rupee terms.
HOW TO BUY WIPRO SHARES?
You have several options for trading platforms to purchase Wipro Ltd shares, including:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
WIPRO SHARE PRICE TARGET 2023
| WIPRO SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| August 2023 | ₹428.80 | ₹389.82 |
| September 2023 | ₹438.66 | ₹398.78 |
| October 2023 | ₹425.89 | ₹387.17 |
| November 2023 | ₹434.40 | ₹394.91 |
| December 2023 | ₹447.44 | ₹406.76 |
Wipro Ltd’s share price prediction for 2023 shows a promising bullish trend with an expected growth percentage of around 133% from the minimum price in May 2023 to the maximum price in December 2023. Investors who are looking to invest in Wipro Ltd’s stock can take advantage of the predicted uptrend and potentially earn significant profits in the coming year. However, it is essential to keep in mind that stock prices can be influenced by various factors, such as market trends, economic conditions, and company performance, among others. Therefore, it is advisable to conduct thorough research and analysis before making any investment decisions.
WIPRO SHARE PRICE TARGET 2024
| WIPRO SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹734.94 | ₹608.36 |
| February 2024 | ₹825.78 | ₹688.15 |
| March 2024 | ₹869.24 | ₹706.70 |
| April 2024 | ₹790.22 | ₹607.86 |
| May 2024 | ₹658.51 | ₹506.55 |
| June 2024 | ₹790.22 | ₹607.86 |
| July 2024 | ₹671.68 | ₹520.69 |
| August 2024 | ₹738.85 | ₹586.39 |
| September 2024 | ₹775.79 | ₹596.77 |
| October 2024 | ₹912.70 | ₹702.08 |
| November 2024 | ₹958.33 | ₹737.18 |
| December 2024 | ₹977.50 | ₹751.92 |
Wipro Ltd share price target for 2024 indicates a positive outlook with an expected growth percentage of around 45% from the minimum price in May 2024 to the maximum price in January 2024. The share price then recovers and continues to fluctuate until it reaches its maximum price in January 2024. The minimum price for the year is expected to be around ₹506.55 in May 2024, and the maximum price is predicted to be around ₹734.94 in January 2024. These figures indicate a potential growth opportunity for investors, and it is recommended to closely monitor the market trends and company performance before making any investment decisions.
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WIPRO SHARE PRICE TARGET 2025
| WIPRO SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹997.05 | ₹766.96 |
| February 2025 | ₹1,049.53 | ₹807.33 |
| March 2025 | ₹1,102.00 | ₹847.70 |
| April 2025 | ₹983.93 | ₹756.87 |
| May 2025 | ₹894.48 | ₹688.06 |
| June 2025 | ₹983.93 | ₹756.87 |
| July 2025 | ₹937.08 | ₹720.83 |
| August 2025 | ₹976.12 | ₹750.86 |
| September 2025 | ₹1,024.93 | ₹788.41 |
| October 2025 | ₹1,086.43 | ₹835.71 |
| November 2025 | ₹1,162.48 | ₹894.21 |
| December 2025 | ₹1,185.72 | ₹912.10 |
Wipro Ltd’s share price target for 2025 showcases a promising outlook with an expected growth percentage of around 55% from the minimum price in May 2025 to the maximum price in November 2025. The maximum price target for the year is expected to be around ₹1,185.72 in December 2025, while the minimum price is predicted to be around ₹688.06 in May 2025. These figures suggest a potential growth opportunity for investors who are looking to invest in Wipro Ltd’s stock for the long term. However, it is important to keep in mind that stock prices can be influenced by various factors, such as market trends, economic conditions, and company performance, among others. Therefore, investors are advised to conduct thorough research and analysis before making any investment decisions.
WIPRO SHARE PRICE TARGET 2026 TO 2030
| WIPRO SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹830.01 | ₹581.01 |
| 2027 | ₹705.51 | ₹493.85 |
| 2028 | ₹1,269.91 | ₹888.94 |
| 2029 | ₹2,608.59 | ₹1,826.02 |
| 2030 | ₹2,905.03 | ₹2,033.52 |
The share price target for Wipro Ltd in the coming years looks optimistic, as the company is expected to continue its growth trajectory. As per the data presented in the table, the maximum share price for 2026 is estimated to be around ₹830.01, with the minimum share price expected to be around ₹581.01. In 2027, the share price is predicted to fluctuate between ₹705.51 and ₹493.85. However, the real growth story for Wipro Ltd seems to be between 2028 and 2030. As per the table, in 2028, the company’s share price is projected to touch ₹1,269.91, which is a significant increase from the previous years. Similarly, in 2029 and 2030, the share price is expected to be around ₹2,608.59 and ₹2,905.03, respectively, indicating a massive growth potential for the company in the long run. However, investors should keep in mind that stock prices are subject to market risks and other factors that can impact the company’s performance. Therefore, it is always advisable to conduct thorough research and analysis before investing in any stock.
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FINANCIAL STRENGTH OF WIPRO LTD (2019 TO 2023)
| Financials | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (Rs crore) | 59,019 | 61,138 | 61,935 | 79,312 | 90,488 |
| Expenses (Rs crore) | 47,406 | 48,795 | 47,164 | 62,628 | 73,640 |
| Op. Profit (Rs crore) | 11,613 | 12,342 | 14,771 | 16,684 | 16,848 |
| OPM % | 20% | 20% | 24% | 21% | 19% |
| Other Inc. (Rs crore) | 2,614 | 2,728 | 2,404 | 2,067 | 2,266 |
| Interest (Rs crore) | 738 | 733 | 509 | 532 | 1,008 |
| Deprec. (Rs crore) | 1,947 | 2,086 | 2,763 | 3,078 | 3,340 |
| PBT (Rs crore) | 11,542 | 12,252 | 13,903 | 15,141 | 14,766 |
| Tax % | 22% | 20% | 22% | 19% | 23% |
| Net Profit (Rs crore) | 9,018 | 9,772 | 10,868 | 12,243 | 11,366 |
| EPS (Rs) | 14.92 | 17.02 | 19.70 | 22.31 | 20.68 |
| Div. Payout % | 7% | 6% | 5% | 27% | 5% |
Over the past five years, Wipro Ltd. has demonstrated steady growth in its financial performance. Its sales figures have witnessed a remarkable increase, rising from INR 59,019 crores in March 2019 to INR 90,488 crores in March 2023, indicating a robust revenue expansion. The company’s operating profit margin (OPM %) experienced fluctuations but saw a notable improvement, reaching 24% in March 2021 before stabilizing at 19% in March 2023.
Additionally, the consistent rise in earnings per share (EPS) from INR 14.92 in March 2019 to INR 20.68 in March 2023 reflects the company’s ability to generate returns for its shareholders. However, Wipro’s dividend payout percentage fluctuated significantly over the years, reaching a high of 27% in March 2022, and then declining sharply to 5% in March 2023. Despite the challenging economic environment, Wipro has managed to maintain a healthy profit after tax (PAT) and sustained growth trajectory, reaffirming its position as a formidable player in the market. The company’s focus on innovation and strategic investments in its operations have contributed to its impressive financial performance, instilling confidence in both investors and industry experts.
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FAQ’s
The maximum share price target of Wipro ltd in 2025 is Rs.1,185.72
The maximum share price target of Wipro ltd in 2028 is Rs. 1269.91
The maximum share price target of Wipro ltd in 2029 is Rs. 2608.59
The maximum share price target of Wipro ltd in 2030 is Rs. 2905.03
WIPRO LTD SHARE PRICE TARGET BY EXPERTS:
1. Sharekhan recommends buying Wipro Ltd. shares and sets a price target of Rs 420.(May 3,2023)
2. Motilal Oswal suggests continuing to buy Wipro Ltd. shares with a target price of Rs 380.(January 16,2023)
3. KR Choksey’s research report advises a buy rating on Wipro shares with a target price of Rs 479.(April 29,2023)
CONCLUSION: WIPRO LTD
According to Wipro Ltd.’s financial disclosures for the previous five years, the company has consistently increased its revenue and profit. During this time, the company’s total revenue has increased at an average rate of 8.84%, with the biggest growth rate of 26.50% occurring in FY 2022. Similar trends can be seen in the profit after tax (PAT), which has increased at a consistent pace of 10.72%. PAT growth rates have varied, with the highest growth rate of 13.27% being attained in FY 2022. Also, the business has kept both its operating profit margin and net profit margin strong during this time.
Given the steadily increasing sales and profit, Wipro Ltd. shares can be a promising long-term investment prospect.
Based on the views of multiple experts, Wipro Ltd.’s performance appears to be favorable and promising. Sharekhan, Motilal Oswal, and KR Choksey have all recommended buying the company’s shares, indicating confidence in its future prospects. While there are slight variations in the target price suggested by each expert, they all share a positive outlook on Wipro’s potential for growth. Investors may find the company attractive for its upward trajectory and long-term potential in the market. However, it’s essential for investors to conduct their research and consider other factors before making any investment decisions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.