If you are looking at Wipro Share for investment purposes, then you should know about Wipro share price target. We know that Wipro’s share has grown significantly in recent years. Due to this, it is shares are becoming attractive for the investors. In this article, we will provide a basic analysis of the Wipro share price target for 2024, 2025, 2027, 2030, and 2040.
These targets can help you make informed decisions about your investments. In this article, we will examine the factors behind Wipro’s growth, such as production capacity, market demand, and strategic expansion plans. It will help you gain insight into the potential future performance of Wipro shares and whether you should invest in Wipro shares for the long term.
Overview of Wipro Limited
Wipro Limited is a leading global information technology, consulting, and business process services company. The company was established in 1945 by Mohamed Premji in Amalner, Maharashtra. Today, Wipro is a multinational corporation, having its headquarter in Bangalore, India.
Wipro has a significant global presence with operations in over 60 countries. The company is serving a wide range of industries including banking and financial services, healthcare, manufacturing, retail, and energy.
Wipro is known for its strong commitment to corporate social responsibility (CSR). Through the Azim Premji Foundation, the company has made substantial contributions to education and rural development in India.
| Company Name | Wipro Limited |
| Current Market Price | ₹479 |
| Market Cap | ₹ 2,50,245 Cr. |
| Book Value | ₹143 |
| Face Value | ₹2 |
| 52 Week High | ₹546 |
| 52 Week Low | ₹375 |
| Debt | ₹ 16,465 Cr. |
| DIV. YIELD | 0.21% |
Wipro Current Financial Status
Here is the current financial position of Wipro Limited such as price-to-earning ratio, earnings per share, debt-to-equity ratio, and company growth in terms of sales and profit. Wipro company share price target also depends upon its current financial position. We use these data to estimate the Wipro share price target.
| Stock P/E | 22.6 |
| Industry P/E | 29.9 |
| EPS | ₹21.1 |
| Debt to Equity Ratio | 0.22 |
| Promotor Holding | 72.9% |
| ROE | 14.5% |
| Sales growth | -0.80% |
| Profit growth | -2.69% |
History of WIPRO Share Price Target From 2024 to 2040
Short-term analysis: In the past 6 months, Wipro has given a return of 12.87% (+54.35) and in the past 1 year, Wipro has given a return of 20.46% (+80.95).
Long-term analysis: In the long term, we are considering the past 5 years’ return, which is 59.49% (+177.75%), and the maximum return the company has provided is 3,353.26% (+462.75). Â Wipro’s growth is stagnant due to the Global scenarios like other IT stocks.
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WIPRO Share Price Target 2024
Indian IT services sector is expected to grow at 2% y-o-y in FY2024 driven by the growing need for infrastructure management and networking services in distributed environments, cloud-based software testing services, and consulting services.
Wipro continues to invest in emerging technologies such as artificial intelligence (AI), machine learning (ML), blockchain, and the Internet of Things (IoT). The company’s strategy focuses on innovation, client-centric solutions, and sustainable growth to maintain its competitive edge in the rapidly evolving tech industry.
| Year 2024 | Wipro Share Price Target 2024 |
| 1st Price Target | ₹430.45 |
| 2nd Price Target | ₹510.60 |
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WIPRO Share Price Target 2025
As per Wipro, CEO and Managing Director, In the fiscal year 2024, the IT industry faced some tough challenges, and the overall economic environment was uncertain. However, the company is optimistic about the future.
Wipro is preparing to capture the future moment. The company has skills, leadership, and the dedication of over 230,000 employees worldwide to help in achieving goals.
| Year 2025 | Wipro Share Price Target 2025 |
| 1st Price Target | ₹550.85 |
| 2nd Price Target | ₹560.43 |
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WIPRO Share Price Target 2026
In the fourth quarter of 2024, the company has already increased its profit margins by 0.40%, resulting in a 5.2% growth in earnings per share compared to the previous quarter.
As per the company’s CFO, despite a tough economic environment, Wipro’s IT services profit margin grew by 0.50% throughout the year. The company has generated our highest operating cash flow in recent years, which was 183% of our net income in the fourth quarter and 159% over the full year.
| Year 2026 | Wipro Share Price Target 2026 |
| 1st Price Target | ₹644.00 |
| 2nd Price Target | ₹655.20 |
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WIPRO Share Price Target 2027
| Year 2027 | Wipro Share Price Target 2027 |
| 1st Price Target | ₹753.25 |
| 2nd Price Target | ₹766.35 |
WIPRO Share Price Target 2030
| Year 2030 | Wipro Share Price Target 2030 |
| 1st Price Target | ₹880.90 |
| 2nd Price Target | ₹896.22 |
WIPRO Share Price Target From 2024 To 2040
Based on the Wipro’s current market position and previous ROE, we have estimated Wipro share price target as follows:
| Year | 1st Target (in ₹) | 2nd Target (in ₹) |
| 2024 | 430.45 | 510.60 |
| 2025 | 550.85 | 560.43 |
| 2026 | 644.00 | 655.20 |
| 2027 | 753.25 | 766.35 |
| 2028 | 880.90 | 896.22 |
| 2029 | 1,030.40 | 1,048,32 |
| 2030 | 1,205.20 | 1,226.16 |
| 2040 | – | – |
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Note:
| Return on Equity Wipro | |
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 15% |
WIPRO Competitive Landscape
Wipro is listed alongside major IT giants like Tata Consultancy Services (TCS), Infosys, and HCL Technologies on the Indian stock market. These companies are prominent in the IT sector and have a significant influence on the market.
| S.No. | Name | CMP Rs. | Mar Cap Rs.Cr. | Div Yield % | Debt / Equity |
| 1. | TCS | 3847.80 | 1392167.75 | 1.42 | 0.09 |
| 2. | Infosys | 1489.80 | 618396.25 | 2.53 | 0.09 |
| 3. | HCL Technologies | 1442.95 | 391568.22 | 3.63 | 0.08 |
| 4. | Wipro | 478.65 | 250244.74 | 0.21 | 0.22 |
| 5. | LTIMindtree | 4979.70 | 147480.40 | 1.33 | 0.10 |
| 6. | Tech Mahindra | 1372.55 | 134087.93 | 2.90 | 0.10 |
| 7. | Persistent Sys | 3771.00 | 58092.34 | 0.53 | 0.09 |
Wipro Shareholding Patterns
- Promoter and Promoter Group: The promoter and promoter group hold a significant portion of shares in Wipro. This group typically comprises the founding family and entities associated with them, who play a significant role in the management and control of the company.
- Institutional Investors: These investors include various financial institutions, mutual funds, insurance companies, and foreign institutional investors (FIIs). Their shareholding can be substantial and often indicates investor confidence in the company’s performance and growth potential.
- Retail Investors: Retail investors comprise individual shareholders who invest smaller amounts in the stock market. Their shareholding often reflects the overall sentiment in the market and the public’s interest in the company.
- Other Holders: This category can include various stakeholders, such as employee stock ownership plans (ESOPs), trusts, or other institutional investors not classified under the mentioned categories.
| Dec 2023 | Mar 2024 | |
| Promoters | 72.90% | 72.89% |
| FIIs | 6.70% | 6.96% |
| DIIs | 8.13% | 8.28% |
| Public | 12.16% | 11.76% |
| Others | 0.13% | 0.11% |
Future Prospects and WIPRO Share Price Target
- Digital Transformation: Wipro continues to benefit from the growing demand for digital transformation services. Wipro is working towards expanding its services to cloud computing, artificial intelligence, and other advanced technologies, this makes the company well-positioned for future growth.
- Strong Global Presence: With operations in over 60 countries, Wipro has a vast global reach. Expanding in emerging markets can drive growth and revenue.
- Business Diversification: Wipro’s diversified portfolio, including IT services, consulting, and business process outsourcing (BPO), provides it with multiple revenue streams and growth opportunities.
- Innovation and R&D Investments: Continuous investments in research and development can foster innovation and lead to the development of new products and services.
Risks and Challenges
- Competitive Pressure: The IT sector is highly competitive, with major players like Tata Consultancy Services (TCS), Infosys, and Cognizant. Wipro’s market share and growth prospects can be impacted by competitive actions and pricing pressure.
- Changing Market Dynamics: Fluctuating demand due to global economic conditions can affect the IT industry, influencing Wipro’s performance and stock price.
- Geopolitical Risks: Global geopolitical uncertainties can impact business operations and investment sentiment, affecting Wipro’s market share and stock price.
Conclusion
In conclusion, Wipro share price target is highly dependable on growth in the global market and other external market factors. The company’s internal factors such as a strong focus on innovation, strategic acquisitions, and consistent financial performance positions make it ready to grow in the future.
However, it is advisable to consider global economic conditions, and competitive pressures that may impact the share price. It is necessary to do careful research based on your risk appetite to consider Wipro as a long-term investment in your portfolio. Also, if you’re considering investing in Wipro, it’s essential to monitor global market trends in the Information technology sector and stay informed about industry developments to make informed decisions.
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Frequently Asked Questions
Who is the owner of Wipro Company?
Azim Premji is the owner of Wipro Limited, a leading global information technology, consulting, and business process services company.
Is Wipro a good stock to buy?
Wipro can be a good stock to buy depending on your investment goals and market conditions. It’s advisable to conduct thorough research or consult with a financial advisor for personalized advice.
Will Wipro grow in the future?
Wipro is well-positioned for future growth, driven by its focus on innovation, strategic acquisitions, and expanding digital services. With the improvement in the global market, we can also see growth in the Wipro share price.
What is the Wipro Share price target for 2024?
The Wipro Share price target for 2024 is ₹430.45 to ₹510.60
What is the Wipro Share price target for 2025?
The Wipro Share price target for 2025 is ₹550.85 to ₹560.43
What is the Wipro Share price target for 2026?
The Wipro Share price target for 2026 is ₹644.00 to ₹655.20.
What is the Wipro Share price target for 2027?
The Wipro Share price target for 2027 is ₹753.25 to ₹766.35.
What is the Wipro Share price target for 2030?
The Wipro Share price target for 2030 is ₹880.90 to ₹896.22.
Disclaimer: The share price target provided is for informational purposes only and does not constitute financial advice. It is based on current market analysis and is subject to change due to market conditions. Investors should conduct their own research or consult a financial advisor before making investment decisions. Past performance is not indicative of future results. Investing in stocks involves risk, including the loss of principal.
