Wipro Share Price Target 2023

Wipro is currently trading at around Rs.360/- . Existing as well as prospective investors are asking for the Wipro Share Price Target 2023. Most common questions being asked by the investors are given below:

• Please tell the Wipro Share Price Target 2023
• What will be the Wipro share price in 2025?
• What is the next target of Wipro share?
• Will Wipro grow in 2023?
• What is target price of Wipro in 2023?

In this article we will answer all the questions being asked by the people regarding the Wipro and analyse the financials and business performance of the company and will tell you the target price of the share of Wipro for 2023,2024 and 2025.

Wipro Limited is a multinational corporation that provides consulting, information technology, and business process services. Founded in 1945 and headquartered in Bangalore, India, Wipro has a global presence with offices and delivery centers in over 50 countries. The company operates in several industries, including banking, financial services, and insurance, energy and utilities, healthcare, manufacturing, retail and consumer goods, and telecommunications.

Financial Performance: Wipro’s financial performance in recent years has been impressive. In fiscal year 2022, the company’s revenue increased by 11.4% year-over-year to reach $10.6 billion, while its net profit grew by 24.6% to $1.7 billion. The company’s EBITDA margin improved to 20.5% in FY22 from 19.2% in FY21. Wipro’s revenue growth was driven by its key markets such as the Americas, Europe, and India, and strong demand for its digital services. Wipro has a robust balance sheet with a debt-to-equity ratio of 0.1, indicating low debt levels and a healthy financial position.

Fundamentals: Wipro’s fundamentals are strong, with a market capitalization of over $50 billion and a price-to-earnings ratio of 31.3. The company’s earnings per share have also been growing consistently, with a five-year compound annual growth rate (CAGR) of 9.1%. Wipro has a dividend payout ratio of 44.5% and a dividend yield of 0.3%, making it an attractive option for income-seeking investors.

Business Performance: Wipro’s business performance has been strong in recent years, driven by its focus on digital transformation services. The company has been investing heavily in building its digital capabilities, and it has made several strategic acquisitions to enhance its offerings. Wipro’s digital revenue grew by 25.4% YoY in FY22 and now accounts for 54.9% of its total revenue. The company’s client base is diverse, with the top ten clients contributing only 22.7% of its revenue in FY22. Wipro has also been expanding its global footprint, with a focus on Europe and Asia-Pacific. The company’s employee base has grown to over 200,000, and it has a strong culture of innovation and customer focus.

Prospects: Wipro’s prospects for growth look promising, given its strong financial position, robust fundamentals, and focus on digital transformation services. The company is well-positioned to capitalize on the growing demand for digital services, as businesses across industries look to accelerate their digital transformation journeys. Wipro has also been investing in emerging technologies such as artificial intelligence, blockchain, and cybersecurity, which are expected to drive growth in the coming years. The company’s recent acquisition of Capco, a global management and technology consultancy, is expected to boost its capabilities in the financial services sector. Wipro has set ambitious targets for the future, including achieving $25 billion in revenue by 2025 and becoming a net-zero carbon emitter by 2040.

In conclusion, Wipro Limited is a well-managed company with a strong financial position, robust fundamentals, and promising growth prospects. Its focus on digital transformation services, strategic acquisitions, and innovation culture bode well for its future performance. While the company operates in a highly competitive market, Wipro has demonstrated its ability to stay ahead of the curve and deliver value to its stakeholders

Wipro Share Price Target 2023

Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.460-550 during 2023.

Wipro Share Price Target 2024 

Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.550-600 during 2024.

Wipro Share Price Target 2025 

Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.600-650 during 2025.

Disclaimer : Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. Moneyinsight does not offer investment advice and does not encourage any action based on its content.

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