Wipro Share Price Target

Wipro’s Share price is range bound and trading between Rs. 380 – 405 (corrected by almost 45%)

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Based on Wipro’s strong global presence in the IT sector, it is expected the first Wipro Share Price Target 2023 up to Rs.440.

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Reasons to Increase Wipro Share Price: Wipro’s new model focus on strategic growth areas, such as: – Cloud, – Enterprise technology, – Business transformation, engineering, and consulting

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Fundamental Analysis of Wipro Share

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The company has very less debt, its debt-to-equity ratio is 0.27.

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Insurance company has increased its shareholding from 0.04% to 4.63%,

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Company is getting a good sales growth rate for last 4 years.

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Revenue increased from Rs. 79,312 crore to INR 90,488 crore (a growth of around 14%)

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Net profit decreased by 7.14% from Rs 12,243 crore to Rs 11,366 crore from the previous year.

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