Time period given by analyst is one year when Wipro price can reach defined target.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 354424.63 Crore) operating in IT Software sector.
Wipro Ltd. key Products/Revenue Segments include Software Services, Networking, Storage equipment, Servers, Software Licenses for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 19045.30 Crore, up 13.51 % from last quarter Total Income of Rs 16778.70 Crore and up 22.31 % from last year same quarter Total Income of Rs 15571.40 Crore. Company reported net profit after tax of Rs 3247.30 Crore in latest quarter.
Investment Rationale
Wipro is expected to report 6.0% QoQ growth in revenues mainly led by organic growth of 4% QoQ and rest due to acquisition of Capco. EBIT margins in global IT services are expected to decline 90 bps QoQ, mainly due to subcontracting costs and due to Capco acquisition. In rupee terms, overall revenues are expected to increase 4.0% QoQ. Overall EBIT margins are expected to decline 70 bps QoQ 9.2%. Consequently, PAT is expected to decline 2.1% QoQ. Investor interest: Deal wins, second wage hike, vertical commentary, commentary of client’s IT budget and revenue guidance
Promoter/FII Holdings
Promoters held 74.01 per cent stake in the company as of Dec 31, 2020, while FIIs held 8.46 per cent, DIIs 6.08 per cent and public and others 11.45 per cent.
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