Wipro Limited – Consensus Indicates Potential -28.0% Downside

Broker Ratings

Wipro Limited with ticker code (WIT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The range between the high target price and low target price is between 8.2 and 4.42 calculating the mean target price we have 6.82. Now with the previous closing price of 9.47 this would imply there is a potential downside of -28.0%. The 50 day MA is 9.05 and the 200 day moving average is 7.78. The company has a market cap of $51,006m. Find out more information at: http://www.wipro.com

Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. Wipro Limited has a collaboration agreement with FEV Europe GmbH to develop and market software defined vehicles; and IP Infusion to deliver validated disaggregated networking solutions, as well as has a strategic partnership with DataRobot The company was incorporated in 1945 and is based in Bengaluru, India.

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