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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WIPRO IN RECENT NEWS
- With Wipro shares declining by 30% over the past year, investors may be wondering whether it’s best to buy, sell, or hold the stock.
- The majority of Wipro’s workforce is set to receive an 87% variable pay in Q3 as the company makes this offer.
WIPRO SHARE PRICE TARGET 2023
|WIPRO SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
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|
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 ₹1,037.03 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|
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|
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 (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||26.50||0.72||3.62||8.06||-1.78|
|Total Expenses Growth (%)||31.33||-2.28||3.05||7.03||-0.50|
|Profit after Tax (PAT)||12,229.60||10,796.40||9,722.30||9,003.70||8,002.80|
|PAT Growth (%)||13.27||11.05||7.98||12.51||-5.77|
|Operating Profit Margin (%)||19.75||23.24||21.23||20.81||19.86|
|Net Profit Margin (%)||15.41||17.43||15.90||15.25||14.68|
|Basic EPS (₹)||22.37||19.11||16.67||14.99||16.85|
According to Wipro Ltd’s financial statement for the last five years, the company has experienced steady growth. Total revenue grew by 26.50% in FY 2022, reaching ₹81,373.20 crore, compared to ₹64,325.60 crore in FY 2021. The company’s profit after tax (PAT) also increased by 13.27%, reaching ₹12,229.60 crore in FY 2022. The PAT growth rate has been positive for the past five years, with a maximum of 12.51% in FY 2019 and a minimum of 7.98% in FY 2020. Wipro’s operating profit margin for FY 2022 was 19.75%, slightly lower than the previous year’s 23.24%. Net profit margin was 15.41%, also lower than the previous year’s 17.43%. The company’s basic earnings per share (EPS) for FY 2022 were ₹22.37, a significant increase from the previous year’s ₹19.11. Overall, Wipro Ltd has shown positive growth in terms of revenue, profit, and EPS, although there have been slight fluctuations in operating profit and net profit margins over the past few years.
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Emergency Credit Line Guarantee Scheme
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
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.