Wipro is one of the largest software companies in India and is known for its innovation and growth. The company’s share price has been on a roller coaster ride in recent years, and investors are wondering what the future holds. In this article, we’ll take a look at Wipro’s share price history and what factors are likely to impact the stock in the years ahead.
What is the current share price of Wipro on the BSE
Wipro’s current share price on the BSE is Rs. 434.65. The company’s stock has been on a steady uptrend in recent months, outperforming the Sensex. Wipro is India’s third largest IT services company and is widely regarded as a bellwether for the country’s economy. The company reported strong Q3 results, with revenue and profit growth coming in above expectations. Wipro has a large client base including some of the world’s leading companies. The company is well-positioned to benefit from the continued growth of the Indian IT sector.
How has Wipro’s share price performed over the last year
Wipro’s share price has performed exceptionally well over the last year. The company’s stock price has increased by nearly 50%, making it one of the best performing stocks on the Bombay Stock Exchange. Wipro’s strong performance is due to a number of factors, including its strong financial position, robust growth prospects, and favorable industry conditions.
Wipro is one of India’s leading information technology companies. The company has a strong balance sheet, with over $4 billion in cash and marketable securities. This gives Wipro the financial flexibility to invest in growth initiatives and continue to pay a healthy dividend to shareholders.
Wipro also has strong growth prospects. The company is well-positioned to benefit from the growing demand for digital services globally. Wipro’s focus on innovation and customer satisfaction has helped it win some of the largest IT outsourcing contracts in recent years.
The overall industry conditions are also favorable for Wipro. The Indian IT sector is expected to grow at a healthy clip in the coming years, driven by continued demand from developed markets and rising investments from domestic companies. Wipro is well-positioned to capitalize on these tailwinds and deliver strong shareholder returns in the years ahead.
What factors have influenced Wipro’s share price in the past
In the past, Wipro’s share price has been influenced by a variety of factors, including the company’s financial performance, global economic conditions, and political developments in India.
Wipro’s share price is closely linked to the company’s financial performance. When Wipro reports strong results, its share price tends to rise. Conversely, when the company’s results are weak, its share price usually falls. This relationship is due to investors’ confidence in Wipro’s ability to generate long-term shareholder value.
Global economic conditions also play a role in influencing Wipro’s share price. When the global economy is strong, demand for Wipro’s products and services typically increases, leading to higher revenues and profits. This, in turn, boosts investor confidence in the company and drives up its share price. Conversely, when the global economy is weak, demand for Wipro’s products and services usually declines, leading to lower revenues and profits. This often causes investors to lose confidence in the company and sell its shares, driving down the share price.
Finally, political developments in India can also impact Wipro’s share price. For example, if there is instability or uncertainty in the Indian government, this can lead to concerns about the country’s business environment and investment climate. This often leads to foreign investors selling their holdings in Indian companies like Wipro, causing the share price to fall.
What is Wipro’s market capitalization
Wipro’s market capitalization is the total value of all Wipro shares outstanding. This figure is calculated by multiplying the current share price by the number of shares outstanding. As of July 2020, Wipro’s market capitalization was approximately $45 billion.
Who are the largest shareholders of Wipro
The largest shareholders of Wipro as of March 2020 are Azim Premji (with a 53.34% stake), followed by Premji Invest (9.77%), DSP BlackRock World Gold Fund (4.05%), and Vanguard International Growth Fund (2.98%).
What is the dividend yield of Wipro shares
Wipro is one of the leading Indian multinational corporations. The company operates in over 50 countries and employs over 155,000 people. Wipro’s main business is information technology, including consulting, system integration and outsourcing.
The dividend yield of Wipro shares is 2.4%.
When is Wipro’s next earnings release
Wipro’s next earnings release is scheduled for October 20, 2020. This will be a great opportunity for investors to see how the company has performed over the last quarter. Wipro is a large IT services provider and has a strong presence in India and other emerging markets. The company has been growing at a rapid pace and is expected to continue to perform well in the future.
What analyst ratings are there for Wipro shares
Wipro shares are currently trading at Rs.365.60 on the BSE, up 1.22% from the previous close. The stock has hit a 52-week high of Rs.369.80 and a 52-week low of Rs.247.60.
The company’s shares have been rated ‘buy’ by 14 analysts, ‘outperform’ by 8 analysts, ‘hold’ by 7 analysts and ‘underperform’ by 1 analyst, according to data from Reuters.
Of the 32 analysts covering the stock, 21 have a ‘buy’ or higher rating, 9 have a ‘hold’ rating and 2 have a ‘sell’ or lower rating.
The average 12-month target price for Wipro shares is Rs.386.36, which represents a potential upside of 5.35% from the current level.
What price target do analysts have for Wipro shares
Wipro shares are currently trading at around Rs. 300, and analysts have a price target of Rs. 340 for the stock.
What is the trading volume of Wipro shares today
The trading volume of Wipro shares today is 2,271,541.