Following the Q3 results announcement, Wipro Ltd share price experienced a remarkable 13% surge in a single day, soaring from ₹465.5 to a peak of ₹529, with a closing price showing a 6.26% increase at ₹494.6. Over the last two months, Wipro has exhibited substantial growth, climbing nearly 30% from ₹374 to the closing price of ₹494.6. Presently, it faces a resistance zone ranging from ₹529 to ₹533.
In this article, we delve into a comprehensive analysis of Wipro share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
Wipro is the 4th Largest Indian Player in global IT solutions. Wipro is an Indian multinational corporation that provides information technology, consultant and business process services. It is available in 65 countries in the world. It services includes cloud computing, consulting, business process, data and analytics, cyber security, engineering etc. It is engaged in many industries some them are education, banking, automotive, aerospace, consumer electronics, insurance, oil & gas and many more.
| Founded | 29 December 1945 |
| Owner | Azim Premji |
| CEO | Thierry Delaporte (6 Jul 2020–) |
| Symbol (NSE) | WIPRO |
| Sector | IT |
| Headquarters | Bengaluru |
Financial Details
| Market Cap | ₹ 2,58,396 Cr. | Stock P/E | 22.9 |
| ROCE | 17.7 % | ROE | 15.9 % |
| Debt to equity | 0.26 | Debt | ₹ 17,918 Cr. |
| FII Holding | 6.47 % | DII Holding | 8.03 % |
| EPS | ₹ 21.1 | Sales growth | 2.93 % |
Financial Statement
Financial Statement Overview:
The Net Sales for the company exhibited a noteworthy growth trajectory over the past three years. In 2023, the figure rose to an impressive ₹90,488, showcasing a substantial increase from the previous year’s ₹79,312 and a notable surge compared to the 2021 figure of ₹61,935.
While experiencing fluctuations, the Expenses incurred by the company showed an upward trend. In 2023, expenses amounted to ₹73,640, marking an increase from ₹62,628 in 2022 and ₹47,164 in 2021. Despite these variations, the company maintained a positive financial position.
The Profit After Tax remained robust, demonstrating the company’s resilience. In 2023, the Profit After Tax stood at ₹11,366, showcasing a slight decrease from ₹12,243 in 2022 but outperforming the figure of ₹10,868 in 2021. This financial statement provides a comprehensive snapshot of the company’s revenue generation, expenditure, and profitability over the specified three-year period.
| Category | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 90,488 | 79,312 | 61,935 |
| Expenses | 73,640 | 62,628 | 47,164 |
| Profit After Tax | 11,366 | 12,243 | 10,868 |
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Technical Analysis
Wipro Ltd encountered a substantial resistance at ₹442 and, post-breakout, entered a consolidation phase within the ₹442 to ₹480 range. A notable event transpired on January 15, 2024, marked by a significant gap up following the announcement of Q3 results.
Following this and a consolidation period within the ₹494 to ₹520 range, the stock eyes a potential target of ₹613.75 in the coming year.After it reaches the resistance, a phase of consolidation or a pullback towards ₹590 is anticipated.
Looking ahead, the next target for Wipro Ltd is identified at ₹718, marked by a robust historical resistance level that previously led to a significant 45% downturn. A considerable consolidation period over several months is expected to make the way for an upper-side target of ₹852.
EMA values on Daily Timeframe
| EMA | Value |
|---|---|
| 15 Days | ₹463 |
| 50 Days | ₹425 |
| 100 Days | ₹418 |
| 200 Days | ₹404 |
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Table of Wipro Ltd Share Price Target
On 15 January 2024, Wipro Ltd share price closed at ₹494.60 at 6.26% gain from previous day.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹529 | ₹550 |
| 2025 | ₹566 | ₹606 |
| 2026 | ₹648 | ₹674 |
| 2027 | ₹694 | ₹722 |
| 2030 | ₹852 | ₹886 |
| 2040 | ₹1,470 | ₹1,637 |
| 2050 | ₹2,903 | ₹3,019 |
Wipro Ltd Share Price Target For 2024:
- Minimum Target: ₹529
- Maximum Target: ₹550
- Current Price (as of January 15, 2024): ₹494.6
In the upcoming year, the company is anticipated to maintain a price range between ₹529 and ₹550, with the current market price standing at ₹494.6
Wipro Ltd Share Price Target For 2025:
- Minimum Target: ₹566
- Maximum Target: ₹606
Moving into 2025, the projected price range widens, reaching between ₹566 and ₹606.
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Wipro Ltd Share Price Target For 2026:
- Minimum Target: ₹648
- Maximum Target: ₹674
Further into the future, specifically in 2026, the anticipated price range expands to ₹648 to ₹674
Wipro Ltd Share Price Target For 2027:
- Minimum Target: ₹694
- Maximum Target: ₹722
By 2027, the company’s share price is expected to aim for a range of ₹694 to ₹722.
Wipro Ltd Share Price Target For 2030:
- Minimum Target: ₹852
- Maximum Target: ₹886
Looking ahead to 2030, the minimum and maximum targets extend to ₹852 and ₹886, respectively.
Wipro Ltd Share Price Target For 2040:
- Minimum Target: ₹1,470
- Maximum Target: ₹1,637
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹1,470 and ₹1,637.
Wipro Ltd Share Price Target For 2050:
- Minimum Target: ₹2,903
- Maximum Target: ₹3,019
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹2,903 to ₹3,019.
Also read : Bajel Projects Ltd Share Price target 2024, 2025, 2030, 2040 and 2050
Positive and Negative Points of Wipro Ltd
Positive
- FII’s holdings increased by 0.15%
- DII’s holdings increased by 0.47 %
Negative
- The company’s ROCE is at 17.7% which is below industry average of 30.77%
- The company’s ROE is at 15.9% which is below industry average of 24%
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
FAQs
What is the projected share price target for Wipro Ltd in 2024?
The minimum target for Wipro Ltd’s share price in 2024 is ₹529, while the maximum target is ₹550.
What are the expected share price targets for Wipro Ltd in 2025?
For 2025, the minimum target is ₹566, and the maximum target is ₹606, indicating a projected price range for the company.
What are the anticipated share price targets for Wipro Ltd in 2026?
In 2026, Wipro Ltd’s share price is expected to have a minimum target of ₹648 and a maximum target of ₹674, expanding the forecasted price range.
What is the forecasted share price target for Wipro Ltd in 2027?
By 2027, Wipro Ltd aims for a share price range between ₹694 and ₹722, according to projections.
What are the projected share price targets for Wipro Ltd in 2030?
Looking ahead to 2030, the minimum target is ₹852, and the maximum target is ₹886, suggesting a potential price range for the company.
