Wipro Limited, a well-known provider of business process, consulting, and information technology services on a global scale, has long been a significant player on the Indian stock market. Due to its strategic efforts, technology improvements, and solid business model, the company has experienced a strong development trajectory in recent years. To stay ahead of the competition as the world transitions to digitalization, Wipro has been actively investing in cutting-edge technologies like artificial intelligence, cloud computing, and cybersecurity.
Knowing a company’s potential and forecasting its share price patterns are critical skills for investors. In order to determine the target share price over the next ten years, we will analyse the current market conditions, Wipro’s financial performance, and its growth potential in this article.
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WIPRO LTD IN RECENT NEWS
- Wipro, a major IT player, has recently announced its plan for a massive share buyback program with a total value of Rs 45,500 crore over the course of eight years. This buyback program is the largest ever in size for the company.
WIPRO SHARE PRICE TARGET 2023
| WIPRO SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹385.00 | ₹296.15 |
| May 2023 | ₹320.83 | ₹246.79 |
| June 2023 | ₹385.00 | ₹296.15 |
| July 2023 | ₹462.00 | ₹355.38 |
| August 2023 | ₹508.20 | ₹390.92 |
| September 2023 | ₹533.61 | ₹410.47 |
| October 2023 | ₹508.20 | ₹390.92 |
| November 2023 | ₹559.02 | ₹430.02 |
| December 2023 | ₹626.10 | ₹481.62 |
The predicted share price for Wipro Ltd in 2023 is likely to experience some volatility. In April, the maximum predicted price is ₹385.00, with a minimum of ₹296.15. May sees a significant drop in the maximum predicted price at ₹320.83, while the minimum is ₹246.79. However, June returns to the same range as April. July sees a significant increase in the maximum predicted price at ₹462.00, while the minimum is ₹355.38. August shows a further increase in the maximum predicted price at ₹508.20, with a minimum of ₹390.92. September follows a positive trend, with a maximum predicted price of ₹533.61 and a minimum of ₹410.47. October’s predicted prices are the same as August’s. November sees some volatility, with a maximum predicted price of ₹559.02 and a minimum of ₹430.02. Finally, December sees the highest maximum predicted price of the year at ₹626.10, indicating a potentially positive trend towards the end of the year.
WIPRO SHARE PRICE TARGET 2024
| WIPRO SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹659.06 | 1037.03 |
| February 2024 | ₹740.51 | ₹617.09 |
| March 2024 | ₹779.49 | ₹633.73 |
| April 2024 | ₹708.62 | ₹545.09 |
| May 2024 | ₹590.52 | ₹454.25 |
| June 2024 | ₹708.62 | ₹545.09 |
| July 2024 | ₹602.33 | ₹466.92 |
| August 2024 | ₹662.56 | ₹525.84 |
| September 2024 | ₹695.69 | ₹535.15 |
| October 2024 | ₹818.46 | ₹629.58 |
| November 2024 | ₹859.38 | ₹661.06 |
| December 2024 | ₹876.57 | ₹674.29 |
The maximum and minimum prices for January 2024 are ₹659.06 and ₹1037.03, respectively, indicating a potentially wide range of possible prices during this month. In February 2024, the maximum and minimum predicted prices are ₹740.51 and ₹617.09, respectively, suggesting a more stable period for the share price. March 2024 is expected to see a maximum price of ₹779.49 and a minimum price of ₹633.73. April 2024 may experience some volatility, with a maximum predicted price of ₹708.62 and a minimum price of ₹545.09. May 2024 is expected to have a maximum price of ₹590.52 and a minimum price of ₹454.25. The maximum and minimum prices for June 2024 are the same as those predicted for April 2024 – ₹708.62 and ₹545.09, respectively. The maximum predicted price for July 2024 is ₹602.33, while the minimum predicted price is ₹466.92. August 2024 is expected to see a maximum price of ₹662.56 and a minimum price of ₹525.84. In September 2024, the maximum predicted price is ₹695.69 and the minimum predicted price is ₹535.15. October 2024 may experience a significant increase in the share price, with a maximum predicted price of ₹818.46 and a minimum predicted price of ₹629.58. The maximum and minimum predicted prices for November 2024 are ₹859.38 and ₹661.06, respectively. Finally, December 2024 is predicted to have a maximum price of ₹876.57 and a minimum price of ₹674.29. The maximum share price target for 2024 is ₹876.57, while the minimum share price target is ₹454.25.
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WIPRO SHARE PRICE TARGET 2025
| WIPRO SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹894.10 | ₹687.77 |
| February 2025 | ₹941.16 | ₹723.97 |
| March 2025 | ₹988.22 | ₹760.17 |
| April 2025 | ₹882.34 | ₹678.72 |
| May 2025 | ₹802.13 | ₹617.02 |
| June 2025 | ₹882.34 | ₹678.72 |
| July 2025 | ₹840.32 | ₹646.40 |
| August 2025 | ₹875.33 | ₹673.33 |
| September 2025 | ₹919.10 | ₹707.00 |
| October 2025 | ₹974.25 | ₹749.42 |
| November 2025 | ₹1,042.45 | ₹801.88 |
| December 2025 | ₹1,063.29 | ₹817.92 |
In January 2025, the maximum predicted price is ₹894.10, while the minimum is ₹687.77. February sees a further increase in the maximum price, reaching ₹941.16, with the minimum predicted at ₹723.97. March continues this trend with a maximum price of ₹988.22 and a minimum of ₹760.17. However, April sees a decrease in the maximum price to ₹882.34, with a minimum of ₹678.72. May experiences a further decrease with a maximum of ₹802.13 and a minimum of ₹617.02. The maximum and minimum predicted prices for June are the same as April. July sees a potential increase with a maximum of ₹840.32 and a minimum of ₹646.40. August continues this potential positive trend with a maximum of ₹875.33 and a minimum of ₹673.33. September sees a further increase in the maximum predicted price, reaching ₹919.10 with a minimum of ₹707.00. October sees a significant increase with a maximum of ₹974.25 and a minimum of ₹749.42. November predicts significant volatility or growth with a maximum of ₹1,042.45 and a minimum of ₹801.88. December predicts the highest maximum price for the year at ₹1,063.29 with a minimum of ₹817.92, indicating a potentially positive trend towards the end of the year.
WIPRO SHARE PRICE TARGET 2026 TO 2030
| WIPRO SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹744.31 | ₹521.01 |
| 2027 | ₹632.66 | ₹442.86 |
| 2028 | ₹1,138.79 | ₹797.15 |
| 2029 | ₹2,339.25 | ₹1,637.47 |
| 2030 | ₹2,605.07 | ₹1,823.55 |
In 2026, the maximum predicted share price is ₹744.31, while the minimum predicted price is ₹521.01. This indicates potential volatility for the share price during this year. In 2027, the maximum predicted share price decreases to ₹632.66, while the minimum predicted price is ₹442.86, suggesting potential challenges or negative trends for the company’s stock. However, in 2028, the maximum predicted share price increases significantly to ₹1,138.79, while the minimum predicted price is ₹797.15, indicating a potentially positive trend for the share price. In 2029, the maximum predicted share price jumps significantly to ₹2,339.25, while the minimum predicted price is ₹1,637.47, suggesting potential growth opportunities for the company. In 2030, the maximum predicted share price is ₹2,605.07, while the minimum predicted price is ₹1,823.55, indicating continued potential growth opportunities for the company’s 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 | 81,373.20 | 64,325.60 | 63,862.60 | 61,632.70 | 57,035.80 |
| Total Revenue Growth (%) | 26.50 | 0.72 | 3.62 | 8.06 | -1.78 |
| Total Expenses | 66,238.10 | 50,435.70 | 51,613.60 | 50,086.20 | 46,794.70 |
| 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 |
Wipro Ltd’s financial bank statement from FY 2018 to FY 2022 shows consistent growth in total revenue, with the maximum revenue generated in FY 2022 at ₹81,373.20 crores, representing a growth of 26.50% from the previous year. Total expenses also grew during this period, reaching a maximum of ₹66,238.10 crores in FY 2022, with a growth rate of 31.33%. Despite this, the company was able to maintain a healthy operating profit margin of around 20% and a net profit margin of around 15%. The company’s profit after tax (PAT) also showed steady growth, with the highest PAT recorded in FY 2022 at ₹12,229.60 crores, representing a growth of 13.27% from the previous year. Basic EPS also saw a steady increase during this period, with the highest EPS recorded in FY 2022 at ₹22.37. Overall, Wipro Ltd has shown consistent growth in revenue, expenses, and profit over the last five years, indicating a healthy and profitable business.
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FAQ’s
What is Wipro?
Wipro Limited is a global information technology, consulting and business process services company headquartered in Bengaluru, India. It provides services to various industries including healthcare, banking, telecommunications, manufacturing, and more.
What services does Wipro provide?
Wipro provides a range of services including IT consulting, software development, cloud services, digital transformation, business process outsourcing, engineering and research and development services, among others.
What is Wipro’s revenue?
Wipro’s total revenue for FY 2022 was Rs 81,373.20 crores, which is a 26.50% increase from the previous year.
What is Wipro’s net profit?
Wipro’s net profit for FY 2022 was Rs 12,229.60 crores, which is a 13.27% increase from the previous year.
Is Wipro a good company to work for?
Wipro has been recognized as a great place to work and has received several awards for its employee-friendly policies and work culture. However, like any other company, the experience of working at Wipro may vary depending on individual factors such as job role, team, and location.
What is Wipro’s stock price?
Wipro’s stock price is subject to market fluctuations and can vary from time to time. You can check the current stock price of Wipro on any major stock market website or financial news portal.
CONCLUSION: WIPRO LTD SHARE PRICE TARGET
According to Wipro Ltd.’s financial filings for the previous five years, both its sales and profit have steadily increased, with a positive growth rate in both. However, compared to some of its industry rivals, the company’s growth rate is lower. Additionally, Wipro Ltd. has consistently kept both its operating and net profit margins high. The company’s earnings per share (EPS) has grown through time, showing that it has been able to produce more profit per share. Overall, Wipro Ltd. appears to be a solid investment choice for anyone seeking a portfolio that grows steadily and consistently. But before making a decision, it is always advised to carry out careful research and analysis, just like with any investment.
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