Wipro Limited with ticker code (WIT) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Sell’. The range between the high target price and low target price is between 4.4 and 4 suggesting an average Analsyt target price of $4.23. Now with the previous closing price of $4.36 this would indicate that there is a downside of -3.0%. The 50 day moving average now sits at $4.66 while the 200 day moving average is $4.89. The total market capitalization for the company now stands at $24,695m. Visit the company website at: https://www.wipro.com
The potential market cap would be $23,958m based on the market consensus.
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. It also provides cybersecurity consulting services. The company was incorporated in 1945 and is based in Bengaluru, India.
The company has a dividend yield of 1.79% with the ex dividend date set at 24-1-2023 (DMY).
Other points of data to note are a P/E ratio of 17.32, revenue per share of 161.03 and a 7.59% return on assets.
