Wipro Limited – Consensus Indicates Potential -8.7% Downside

Broker Ratings

Wipro Limited with ticker code (WIT) now have 3 analysts in total covering the stock. The consensus rating is ‘Sell’. The target price ranges between 4.65 and 4 calculating the average target price we see 4.32. With the stocks previous close at 4.73 this indicates there is a potential downside of -8.7%. There is a 50 day moving average of 4.82 and the 200 day MA is 5.04. The market cap for the company is $25,980m. Find out more information at: https://www.wipro.com

The potential market cap would be $23,728m based on the market concensus.

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Wipro Limited operates as an 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 and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, 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 Indian 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 departments owned or controlled by the Government of India and/or various Indian State Governments. It also provides cybersecurity consulting services. The company was incorporated in 1945 and is based in Bengaluru, India.

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