Wipro Share Price Target: Today, we’ll review Wipro’s operations, how it earns profits, potential growth areas, and all sorts of information regarding this company to gain a better understanding.
Wipro is one of the largest software companies in India and is a blue-chip stock.
The company is focused on providing IT services, consulting and business process outsourcing to clients worldwide.
Its services include digital strategy, transformation and operations, technology infrastructure and platforms and cybersecurity and risk management.
This article will discuss Wipro Share Price Target. The company has good growth potential, and it is a great investment option for the long term.
These will help you in making a final decision about your next investment.
About Wipro
Wipro Ltd (Wipro) is an expert in software solutions as well as IT-related consulting along with Business Process Outsourcing (BPO) services.
The company’s IT services include strategic advisory for digital strategies technology consulting, custom-designed applications development, re-engineering, maintenance IT consultancy, integration of systems, business process services research and development, and so on.
Wipro also provides services to diverse industries, including healthcare retail, aerospace and defense banking and financial services construction and engineering retail, oil and gas transportation and travel education, media, and consumer electronic products.
The company is a major player in business across the world. Wipro’s headquarters is in Bengaluru, Karnataka, India.
Fundamentals of Wipro
| Market Cap | ₹ 2,20,677 Cr. |
| Current Price | ₹ 423 |
| 52-wk High | ₹ 444 |
| 52-wk Low | ₹ 352 |
| Stock P/E | 19.0 |
| Book Value | ₹ 133 |
| Dividend | 0.24 % |
| ROCE | 17.7 % |
| ROE | 15.9 % |
| Face Value | ₹ 2.00 |
| P/B Value | 3.18 |
| OPM | 18.8 % |
| EPS | ₹ 21.5 |
| Debt | ₹ 17,918 Cr. |
| Debt to Equity | 0.26 |
Wipro Share Price Prediction 2023- 2050
To gain a better understanding of how the market is performing, let’s look at the outlook of Wipro share price targets in the following years.
These targets indicate a possible positive change in share prices in the future.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Wipro Share Price Target 2023
| Target 1 | Target 2 | |
| October | — | — |
| November | — | — |
| December | ₹434 | ₹455 |
The table reflects the share price target for the year 2023.
Wipro Share Price Target 2024
| Target 1 | Target 2 | |
| January | ₹465 | ₹470 |
| February | ₹478 | ₹485 |
| March | ₹490 | ₹495 |
| April | ₹500 | ₹510 |
| May | ₹515 | ₹520 |
| June | ₹526 | ₹530 |
| July | ₹536 | ₹542 |
| August | ₹549 | ₹555 |
| September | ₹561 | ₹564 |
| October | ₹569 | ₹572 |
| November | ₹575 | ₹580 |
| December | ₹588 | ₹595 |
The table reflects the share price target for the year 2024.
The maximum and minimum share price targets for the year 2024 are ₹465 and ₹595 respectively.
Wipro Share Price Target 2025
| Target 1 | Target 2 | |
| January | ₹615 | ₹620 |
| February | ₹625 | ₹630 |
| March | ₹634 | ₹640 |
| April | ₹642 | ₹650 |
| May | ₹655 | ₹660 |
| June | ₹664 | ₹670 |
| July | ₹675 | ₹680 |
| August | ₹689 | ₹695 |
| September | ₹700 | ₹705 |
| October | ₹710 | ₹715 |
| November | ₹719 | ₹722 |
| December | ₹728 | ₹735 |
The table reflects the share price target for the year 2025.
The maximum and minimum share price targets for the year 2025 are ₹615 and ₹735 respectively.
Wipro Share Price Target 2026
| Target | |
| January | ₹742 |
| February | ₹755 |
| March | ₹765 |
| April | ₹771 |
| May | ₹786 |
| June | ₹795 |
| July | ₹800 |
| August | ₹815 |
| September | ₹824 |
| October | ₹834 |
| November | ₹842 |
| December | ₹855 |
The table reflects the share price target for the year 2026.
The maximum and minimum share price targets for the year 2026 are ₹742 and ₹855 respectively.
Wipro Share Price Target 2027
| Target | |
| January | ₹862 |
| February | ₹872 |
| March | ₹885 |
| April | ₹900 |
| May | ₹922 |
| June | ₹931 |
| July | ₹942 |
| August | ₹951 |
| September | ₹961 |
| October | ₹975 |
| November | ₹986 |
| December | ₹1000 |
The table reflects the share price target for the year 2027.
The maximum and minimum share price targets for the year 2027 are ₹862 and ₹1000 respectively.
Wipro Share Price Target 2028
| Target | |
| January | ₹1026 |
| February | ₹1034 |
| March | ₹1045 |
| April | ₹1059 |
| May | ₹1068 |
| June | ₹1079 |
| July | ₹1100 |
| August | ₹1124 |
| September | ₹1132 |
| October | ₹1146 |
| November | ₹1155 |
| December | ₹1165 |
The table reflects the share price target for the year 2028.
The maximum and minimum share price targets for the year 2028 are ₹1026 and ₹1165 respectively.
Wipro Share Price Target 2029
| Target | |
| January | ₹1165 |
| February | ₹1196 |
| March | ₹1200 |
| April | ₹1215 |
| May | ₹1231 |
| June | ₹1242 |
| July | ₹1251 |
| August | ₹1261 |
| September | ₹1269 |
| October | ₹1276 |
| November | ₹1300 |
| December | ₹1325 |
The table reflects the share price target for the year 2029.
The maximum and minimum share price targets for the year 2029 are ₹1165 and ₹1325 respectively.
Wipro Share Price Target 2030
| Target | |
| January | ₹1316 |
| February | ₹1326 |
| March | ₹1335 |
| April | ₹1342 |
| May | ₹1351 |
| June | ₹1361 |
| July | ₹1372 |
| August | ₹1385 |
| September | ₹1400 |
| October | ₹1415 |
| November | ₹1426 |
| December | ₹1435 |
The table reflects the share price target for the year 2030.
The maximum and minimum share price targets for the year 2030 are ₹1316 and ₹1435 respectively.
Wipro Share Price Target 2035
| 2035 | Target 1 | Target 2 |
| ₹1680 | ₹1768 |
The table reflects the share price target for the year 2035.
The maximum and minimum share price targets for the year 2035 are ₹1680 and ₹1768 respectively.
Wipro Share Price Target 2040
| 2040 | Target 1 | Target 2 |
| ₹1950 | ₹2100 |
The table reflects the share price target for the year 2040.
The maximum and minimum share price targets for the year 2040 are ₹1950 and ₹2100 respectively.
Wipro Share Price Target 2050
| 2050 | Target 1 | Target 2 |
| ₹2400 | ₹2590 |
The table reflects the share price target for the year 2050.
The maximum and minimum share price targets for the year 2050 are ₹2400 and ₹2590 respectively.
Note: These share price targets are based on the current market scenario, trends in the industry, performance of companies & growth assumptions. It might change subject to market sentiments.
Wipro Shareholding pattern
Wipro is listed on the National Stock Exchange and the Bombay Stock Exchange and has a wide number of investors. Such as:
| Promoters: | 72.93% |
| FIIs: | 6.47% |
| DIIs: | 8.03% |
| Public: | 12.43% |
| Others | 0.14% |
Wipro Share: Last 5 Years’ Financial Performance
Last 5 Years’ sales:
| 2019 | ₹59,019 Cr |
| 2020 | ₹61,138 Cr |
| 2021 | ₹61,935 Cr |
| 2022 | ₹79,312 Cr |
| 2023 | ₹91,766 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹9,018 Cr |
| 2020 | ₹9,772 Cr |
| 2021 | ₹10,868 Cr |
| 2022 | ₹12,243 Cr |
| 2023 | ₹11,712 Cr |
Last 5 Years’ Reserves:
| 2019 | ₹55,216 Cr |
| 2020 | ₹54,179 Cr |
| 2021 | ₹53,805 Cr |
| 2022 | ₹64,307 Cr |
| 2023 | ₹68,394 Cr |
Last 5 Years’ Total Assets:
| 2019 | ₹82,586 Cr |
| 2020 | ₹81,000 Cr |
| 2021 | ₹82,566 Cr |
| 2022 | ₹107,276 Cr |
| 2023 | ₹108,180 Cr |
What Is The Future Of Wipro Share?
Investors are curious to know what is the future of Wipro Share. Here are a few reasons why this company is poised for growth.
Long-term growth
Despite weak Q1 earnings and guidance, Kotak expects Wipro to deliver strong long-term growth.
The company’s diversified revenue base and low correlation between deal wins and top line growth should limit downside risk in the medium term.
A large US healthcare payer selected Wipro to reshape their end-to-end member, patient and provider journey. This will enable their business to scale and grow by improving talent allocation, efficiency in operations and reducing cost.
Strong management
The company has strong fundamentals and a solid management team.
Wipro has a good chance to grow in the future as it is focused on expanding its global presence and expanding its business capabilities.
Strong order book
It has a large order book and declining attrition rates, which are positives for the company. In addition, the company is acquiring companies that can boost its gross margins.
The company’s robust growth strategy and long-term client relationships make it a solid choice for investors. However, geopolitical risks and macroeconomic uncertainty could weigh on its margins in the short term.
Profitability
Wipro has a strong track record of profitability. It has a low three-year median payout ratio of 5.6% and reinvests most of its profits back into the business.
This means that it is well-positioned to continue its growth momentum even when the market is challenging.
Valuation
Wipro’s strong growth prospects and diversified revenue sources have enabled analysts to set price targets for the company.
The valuation prospects for Wipro shares are mixed at the moment. Nevertheless, it is still a worthwhile buy for those with a long-term horizon.
Also Read: TTML Share Price Target 2024 to 2030
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
Conclusion
This article is a complete guide to Wipro Share Price Target, where you can find out what Wipro is, its businesses, and Wipro Share Price Target.
Share price forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. Also, We have talked in detail about Wipro’s future prospects and growth potential.
Hopefully, this information will help by having all the share price details of Wipro so that you can consider investing in the future. If you have any questions, please contact us in the comment box.
We will be happy to answer any questions you may have. If you like this information, share the article with as many people as possible.
Wipro Share Price Target: FAQ
The Wipro share seems to be a good long-term investment due to its increasing profits and good growth. Additionally, the fundamentals of Wipro appear good as of now.
The share price of Wipro share is expected to rise around Rs 1600 in the next 10 years.
The share price of Wipro is expected to rise around Rs 1325 in the next 5 years.
In 2023, the share price target for Wipro is expected to reach approximately Rs 455.
In 2024, the share price target for Wipro is expected to reach approximately Rs 580.
In 2025, the share price target for Wipro is expected to reach approximately Rs 735.
In 2026, the share price target for Wipro is expected to reach approximately Rs 842.
In 2027, the share price target for Wipro is expected to reach approximately Rs 986.
In 2028, the share price target for Wipro is expected to reach approximately Rs 1165.
In 2029, the share price target for Wipro is expected to reach approximately Rs 1300.
In 2030, the share price target for Wipro is expected to reach approximately Rs 1435.
In 2035, the share price target for Wipro is expected to reach approximately Rs 1680.
In 2040, the share price target for Wipro is expected to reach approximately Rs 2100.
In 2050, the share price target for Wipro is expected to reach approximately Rs 2590.
The Total debt of this company is ₹ 17,918 Cr.
Wipro has given out 13 bonus shares throughout its history. The most recent bonus was revealed in the year 2019 using a ratio of 1:3.
Indeed, Wipro announced a payout of 1 rupee for each share at the end of March 2023. It is equivalent to an equity dividend of 50.
