Wipro is a leading global information technology company providing solutions to the banking, healthcare and manufacturing sectors in the world. The company shows its continuous growth over the years through its innovative solutions. As we look forward, the share price target for Wipro appears promising.
Its strong market presence focuses on digital transformation, cloud services and artificial intelligence; and strategic acquisitions can provide a solid foundation for future growth.
The company’s commitment to sustainability and social responsibility enhances its long-term value proposition. So, based on these factors, experts estimate an optimistic price target for Wipro shares. Thus making it an attractive investment opportunity for investors seeking stable returns in the dynamic technology sector.
If you are interested in investing in Wipro, you must be wondering what the share price will be in the future. So in this article, we will mention Wipro share price targets for the years 2023 to 2030 based on our research and technical analysis.
Wipro Share Price Target 2023 to 2030
Currently, Wipro Ltd is showing a bullish trend and the share price is higher by 2.68 per cent over the previous day. Also, the company is in profitability and has seen a year-on-year growth of 6.05 per cent in the March 2023 quarter revenue.
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2023 | 420.50 | 475.20 |
| 2024 | 505.25 | 530.50 |
| 2025 | 515.15 | 545.30 |
| 2026 | 590.50 | 655.10 |
| 2028 | 705.40 | 850.20 |
| 2030 | 950.10 | 1050.20 |
NB: The share price target is based on our research and technical analysis:
See also – HEG Share Price Target
Fundamentals of Wipro Ltd
The company’s revenue for the March 2023 quarter is up 6.05% to Rs 23,190 crore, net profit up 11.96% to Rs 2870 crore and net profit margin up 5.54% to 12.57%.
Wipro Limited has a debt-to-equity ratio of 0.26 and a face value of Rs 2 and a return on equity (RoE) of 15.77 per cent.
| Year | Sales Growth (%) | Profit Growth (%) |
|---|---|---|
| 10 years | 9% | 7% |
| 5 years | 11% | 7% |
| 3 years | 14% | 5% |
| TTM | 11% | 1% |
Price Target for Wipro Ltd
Analysts expect the Wipro stock to show a bullish trend in the near term and you can expect an upside of up to 15 per cent in the share price. The company shows 6 per cent growth in revenue and 11 per cent growth in net profit in Q2FY23 results.
2023
The target price for Wipro shares is Rs 420.50 to Rs 475.20 by 2023.
2024
Our analysis suggests that the bullish trend will continue in 2024 as well with an upside target price of Rs 505.25 to Rs 530.50 for Wipro shares by the end of 2024.
2025
In the year 2025, it is anticipated that the Wipro stock will exhibit a state of relative stability, with the potential for a subsequent decrease in its share price. The target price for Wipro is Rs 515.15 to Rs 545.30 per share in 2025.
2026
Based on our analysis, the target price for Wipro in 2026 is Rs 590.50 to Rs 655.10 per share.
2028
In the longer term, based on our research and technical analysis, we have a target price of Rs 705.40 to Rs 850.20 per share for Wipro in 2028.
2030
In 2030, we can expect a 10 to 20 per cent jump in the share price. The target price for Wipro shares in 2030 is Rs 950.10 to Rs 1050.20.
See also – Tata Power share price target
Shareholding Pattern
- Promoters: 72.92%
- FIIs: 6.38%
- DIIs: 8.01%
- Public: 12.69%
Important links:
| Official website | Check here |
| Home page | Check here |
FAQs
The intrinsic value of WIPRO is Rs 435 which is 7.3% lower than the current market price of Rs 404.
The share price target for Wipro Ltd in 2025 is Rs 605.15 to Rs 665.30.
Wipro Limited is a well-established company in the IT sector and has shown good financial results over the years. Its focus is on the banking and healthcare sector to provide services and solutions. Wipro has shown stable performance and given huge returns, which makes it attractive for long-term investors.
The target price for Wipro shares is Rs 1150.10 to Rs 1250.20 by 2030.
Conclusion
Wipro Limited is an established IT services company with strong financial performance. The company’s focus on digital transformation is expected to drive growth in the coming years. Analysts expect the stock price to witness an upward movement in the coming years. Wipro’s strong fundamentals could make it an attractive investment opportunity for investors who are keen to invest in the Indian IT sector.
Disclaimer: The target price is for general information only and no part of the website content should be considered financial advice. Before investing in any stock you should do your own research and consult your financial advisor.
