Wipro share price target 2025 to 2030

Dear Friends, today we will learn about one of the leading IT companies in India, Wipro. We will also look at the Wipro share price target 2025, Wipro share price target 2026 to Wipro share price target 2030. This will be done by analyzing the technical charts as well as the fundamental aspects of Wipro. Let’s Begin.

Wipro

Let’s learn about the brief history of Wipro before we learn about Wipro share price target 2025 to 2030. Wipro was founded by Mr. Mohamed Premji in the year 1945. The company was taken over by his son, Mr.Azim Premji in the year 1966 in the capacity of chairperson, post his death. Wipro is into providing business process services, IT consulting services, computer security, robotics, artificial intelligence, etc.

The company was earlier known as Western India Vegetable Products Limited. Wipro has done many acquisitions in the past such as acquiring Designit, Appirio, Rational Interaction, cMango, Capco, etc. All these acquisitions were done gradually over a period of time to strengthen the company’s growth, and market position as well as to sustain its revenues. Wipro is listed on both the National Stock Exchange as well as the Bombay Stock Exchange. The Global headquarters of Wipro are based in Sarjapura Road, Bengaluru.

Readers who wish to learn more about the company are advised to click here.

Fundamental Analysis – Wipro share price

The market cap of Wipro is Rs 210113 cr and the price-to-earnings ratio is 18. The stock is currently trading at Rs 383 and has a book value of 126. Wipro has delivered an ROCE and ROE of 17.5% and 15.8% respectively. The dividend yield of the company is 0.26%. The 52-week high and low of Wipro share price are Rs 444 and Rs 352 respectively.

The promoter’s shareholding has been constant over the last three years, i.e, 73%. The concerning issue is that there is a decline in the FIIs shareholding from 9.2% in the year 2021 to 6.35% in the year 2023. The DIIs shareholding has increased in the last three years from 6.15% to 8%, which is a jump of 30%. The public shareholding has increased marginally in the last three years. It was 11.25% in the year 2021 and is at 12.5% in the year 2023. Wipro has delivered a poor sales growth of only 10.7% over the last five years.

Let’s look at the revenue and profit of Wipro:

(in cr)	Mar-20	Mar-22	Mar-23
Sales	61138	79312	90488
PBT	12252	15141	14766
net profit	9772	12243	11366

The above table is self-explanatory about the revenue and profit trend of Wipro. Wipro sales have increased from Rs 61138 cr to Rs 90488 cr in the year 2021 to 2023. This is an increase of 48% in revenues. Secondly, the net profit of Wipro has increased by Rs 1594 cr from the year 2021 to the year 2023. This is a growth of 16% in the net profit which is a concern in the short term. The share price of Wipro is expected to remain sideways for some time and consolidate before it proceeds with any move.

Technical Analysis – Wipro share price

Let’s look at the technical charts of Wipro share price and analyze the charts.

Above is the weekly chart of Wipro share price movement over a period of four years time.

Let’s study the chart from the point of reference marked in the picture.

Point 1 – This point is taken as a high and will be referred to for the study of the price movement in the short as well as long term. The level was 301.6 on 10 June 2019. The share price has moved downwards from this level till the COVID-19 low and has consolidated further. The first breakout was given by the price at Point 2.

Point 2 – Once the breakout is there, the Wipro share price quickly moves to 381.7 within 5 weeks.

Point 3 – At this juncture, the share price again starts consolidating and remains sideways. This keeps on happening for 12 weeks and then the price gives a breakout on the upper side.

Point 4 – Wipro share price remains sideways between point 3 and point 4 for 15 weeks. After this time, the price again moves on the upper side and the breakout is confirmed by the green candle at a level of 467.45.

Point 5 – The share price of Wipro surged to 739.85 within nine months of this breakout. This is an appreciation of 58% in the share price of Wipro within a short span of time.

Point 6 – The share price of Wipro is in consolidation within the range of points 5 & 6. The price gave a breakdown of the range by closing below point 6 price in February 2022. The level of 603.95 now acted as resistance and did not let the price move up further. The price has slid down again from this resistance level and hasn’t sustained the high valuations.

Point 7 – Now, point 7 is acting as a level that needs to be decisively passed by the share price before the stock price resumes the upward journey.

Wipro share price target

The below picture depicts the expected Wipro share price targets.

Wipro share price target 2025 is expected to be Rs 410. The share price of Wipro is expected to reach Rs 840 by the year 2030. For the time being, it is expected to remain in the consolidation phase.

Conclusion

The above blog post is only for educational purposes. This is not a buy or sell recommendation. Investors are advised to consult their financial advisors before making an investment decision. We are not SEBI-registered and the investments in the market are subject to market risks. Please study the charts and fundamentals to improve your learning.

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