(Image: Shutterstock/ET NOW News)Wipro Share Price Target 2024 : Shares of IT behemoth, Wipro, finished at Rs 477.35 or down by Rs 5.05 (1.05%), on June 14, 2024.
Brokerage firm, Investec has improved Wipro's rating from 'Sell' to 'Hold', raising its target price.
Wipro Share Price Target 2024Investec has upgraded Wipro from 'Sell' to 'Hold' and raised the target to Rs 505 from Rs 460.
Wipro Share Price HistoryAccording to BSE data, Wipro's stock has declined by 1.47 percent in the previous week.
According to BSE figures, Wipro's stock returned 9.90 percent in the previous six months and 20.36 percent in the previous year.
Authored by : Anubhav Maurya Updated Jun 17, 2024 | 11:30 PM IST Photo : Shutterstock.com Brokerage firm, Investec has improved Wipro's rating from 'Sell' to 'Hold'. (Image: Shutterstock/ET NOW News)
Wipro Share Price Target 2024 : Shares of IT behemoth, Wipro, finished at Rs 477.35 or down by Rs 5.05 (1.05%), on June 14, 2024. During the trading day, the stock started at Rs 485, peaked at Rs 485.55, and then declined to Rs 475.50. The stock's 52-week high is Rs 546.10, and its 52-week low is Rs 375 per share.
Brokerage firm, Investec has improved Wipro's rating from 'Sell' to 'Hold', raising its target price. This comes after a series of CEO changes at Wipro, each of which has brought new hope.
Wipro Share Price Target 2024
Investec has upgraded Wipro from 'Sell' to 'Hold' and raised the target to Rs 505 from Rs 460. Each CEO change has brought new hope and this is a record of fresh confidence. Though it’s early to see the impact of this change, there are positive signs like big deal wins and consistent improvement in CAPCO and BFSI in US. These along with Wipro’s execution capabilities, means Wipro can beat estimates.
Wipro Share Price History
According to BSE data, Wipro's stock has declined by 1.47 percent in the previous week. The stock has risen by 9.05 percent in the last two weeks. The stock has increased by 4.60 percent in the preceding three months. According to BSE figures, Wipro's stock returned 9.90 percent in the previous six months and 20.36 percent in the previous year. On the BSE, Wipro's shares move in a 52-week range of Rs 546.10 to Rs 375. Wipro has a market value of Rs 2,49,651.38 crore on BSE. The IT behemoth is a component of the S&P BSE Sensex.
Wipro Q4 Financial Results
Wipro's total net profit fell by 8% year on year (YoY) to Rs 2,835 crore in the March quarter of 2024. The previous year's quarter produced Rs 3,074 crore. Revenue from operations in the reporting period fell 4% year on year to Rs 22,208 crore, compared to Rs 23,190 crore in the same period the previous year. Meanwhile, constant currency IT services revenues declined by 0.3% quarter on quarter and 6.6% year on year.
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