Wipro Limited – Consensus Indicates Potential 13.1% Upside

Broker Ratings

Wipro Limited with ticker code (WIT) have now 4 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 9.1 and 8 calculating the average target price we see 8.47. With the stocks previous close at 7.49 this would imply there is a potential upside of 13.1%. The day 50 moving average is 8.56 and the 200 day MA is 8.56. The company has a market cap of $39,777m. Company Website: https://www.wipro.com

The potential market cap would be $44,981m based on the market concensus.

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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 strategic partnerships with Apptio and DataRobot The company was incorporated in 1945 and is based in Bengaluru, India.

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