Time period given by analyst is one year when Wipro Ltd. price can reach defined target.
Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 352992.16 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 30-09-2021, the company reported a Consolidated Total Income of Rs 20173.60 Crore, up 5.92 % from last quarter Total Income of Rs 19045.30 Crore and up 28.89 % from last year same quarter Total Income of Rs 15651.40 Crore. Company reported net profit after tax of Rs 2931.60 Crore in latest quarter.
Investment Rationale
The company has delivered a strong operating performance in the last few quarters on the back of demand tailwinds, a simplified operating model and a focused market approach. However, the valuation remains rich, not leaving any margin of error. It retains Hold with a Sep’22 TP of Rs680 at 25x Sep’23E EPS.
Promoter/FII Holdings
Promoters held 73.02 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.69 per cent, DIIs 2.06 per cent.
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