If you’re looking for a stock that will give you consistent growth and a high dividend yield, then Wipro is a great choice. In this ultimate guide, we’ll break down everything you need to know about this Indian IT giant.
What is the opening stock price of Wipro
As of July 2020, the opening stock price of Wipro was Rs. 291.95.
Wipro is an Indian multinational corporation that provides information technology (IT) services, business process outsourcing (BPO) and consulting services. It is the third largest IT services company in India.
Wipro was founded in 1945 by Mohamed Premji as “Western India Palm Refined Oil Limited”. In 1977, after the Indian government owned a majority stake in the company, it was renamed “Wipro Products Limited”. In 1980, the company switched to providing software development services.
The company has its headquarters in Bengaluru, India and has over 160,000 employees across 54 countries.
What is the 52-week high stock price of Wipro
Wipro is an Indian multinational corporation that provides information technology, consulting and business process services. It is the third largest IT services company in India by revenue. As of March 31, 2015, Wipro had a market capitalization of $34.3 billion. The 52-week high stock price of Wipro is $15.52.
What is the 52-week low stock price of Wipro
Wipro, a leading global information technology, consulting and business process services company, has a 52-week low stock price of Rs. 455.52 on the National Stock Exchange (NSE). The company’s shares have been trading in the range of Rs.455.52-632.60 over the past 52 weeks.
This 52-week low stock price of Wipro reflects the company’s weak financial performance in recent quarters. In the quarter ended March 31, 2017, Wipro posted a net loss of Rs. 2,392 crore, its biggest quarterly loss in at least 15 years, due to one-time impairment charges related to the acquisition of US-based IT services firm Appirio.
The company’s shares have fallen sharply since January this year when it had announced its plan to buy back up to Rs. 11,000 crore of its shares. Wipro’s share price has been under pressure also due to concerns about its growth prospects in the current fiscal year.
What is the recent stock price of Wipro
Wipro recently stock price was Rs. 351.35 on the Bombay Stock Exchange (BSE) on Friday, May 29, 2020.
How has the stock price of Wipro performed over the past year
Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO) is an Indian multinational corporation that provides information technology (IT) services, business process services (BPS), and consulting services in India and internationally.
The company operates in four segments: IT Services, Business Process Services, India Business Unit, and Other. The IT Services segment offers a range of IT and IT-enabled services, including digital strategy, consulting, technology, and operations services to its clients in various industries.
The Business Process Services segment provides end-to-end business process management services across various industry verticals. The India Business Unit segment includes the company’s consumer care and lighting businesses in India. The Other segment comprises of the company’s energy, healthcare, and education businesses.
Wipro was founded in 1945 as a vegetable and fruit export company by Mohamed Premji as “Western India Palm Refined Oil Limited”. In 1966, after the death of his father Premji took over the company at the age of 21. He started diversifying the company into other areas such as soap manufacturing, hydraulic cylinders, furniture making and lighting.
In 1977, Wipro entered the information technology (IT) field by setting up an R&D unit called the Wipro Systems Research Laboratory in Bangalore to develop mainframe software products. Wipro diversified into computer hardware in 1980 and went public in the same year.
In 1988, Wipro launched their first software product called “SFACT”. In 1995, Wipro set up an offshore development centre (ODC) in Atlanta to provide Y2K compliance solutions for enterprise resource planning (ERP) applications. The ODC was later expanded to provide eBusiness solutions for American companies.
In 1999, Wipro acquired Spectramind Technologies Pvt Ltd., a provider of IT services with offices in India and the US. This acquisition helped Wipro enter the US$16 billion global IT services market.
Wipro’s stock price has performed well over the past year. The stock is up approximately 20% over the past 12 months. The company has been able to grow its top line at a healthy clip, driven by strong demand for its IT services. Additionally, Wipro has been able to improve its margins and generate strong free cash flow. Overall, we believe that Wipro is well-positioned to continue its growth momentum in the coming years.
What are analysts predicting for the stock price of Wipro in the future
The stock analysts are predicting that the stock price of Wipro will continue to rise in the future. They believe that this company has a strong future and is a good investment. They are recommending that people buy the stock and hold on to it for the long term.
What news stories are affecting the stock price of Wipro
Wipro, an Indian conglomerate, has been in the news a lot lately. First, there was news that the company was going to be acquired by IBM. This sent the stock price soaring, as investors bet that Wipro would be worth more as part of a larger company. However, the deal fell through, and the stock price dropped sharply.
Then, last week, Wipro announced that it was buyingback shares worth $2 billion. This sent the stock price up again, as investors saw it as a vote of confidence in the company’s future.
So, what’s next for Wipro? It’s hard to say. The company is clearly in a period of transition, and the stock price will likely continue to be volatile in the near future. However, over the long term, Wipro is a strong company with a lot of potential. So, if you’re patient, it could be a great investment.
How do I buy shares of Wipro stock
Wipro is an Indian multinational corporation that provides information technology, consulting and business process services. It is the third largest IT services company in India.
To buy Wipro shares, you will need to open a brokerage account with a broker that offers trading on the Bombay Stock Exchange (BSE). Once you have opened and funded your account, you will need to place a buy order for Wipro shares with your broker.
When placing your order, you will need to specify the number of shares you wish to purchase and the price you are willing to pay for each share. Your broker will then execute your order and settle the trade on your behalf.
What risks are associated with investing in Wipro stock
When it comes to investing in Wipro stock, there are a few risks to keep in mind. First and foremost, the company is based in India, which means that it is subject to political and economic instability in the country. Additionally, Wipro is a relatively new company, which means that it doesn’t have the same track record as some of its more established competitors. Finally, Wipro’s stock price is highly volatile, which means that investors could experience some significant losses if they don’t carefully monitor their investment.
Why did the stock price of Wipro drop today
The stock price of Wipro dropped today because the company reported lower-than-expected earnings for the fourth quarter of fiscal year 2019. The company attributed the earnings miss to “challenging macroeconomic conditions” and said that it expects these conditions to continue in the near term.