ETtechAxis Securities has hold call on with a target price of Rs 410. The current market price of Wipro is Rs 398.05.
Wipro., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 218653.69 Crore) operating in IT Software sector.
Wipro key Products/Revenue Segments include Software Services, Networking, Storage equipment, Servers, Software Licenses for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 23867.30 Crore, up 3.55 % from last quarter Total Income of Rs 23049.40 Crore and up 14.79 % from last year same quarter Total Income of Rs 20791.50 Crore. Company has reported net profit after tax of Rs 3062.40 Crore in latest quarter.
The company’s top management includes Mr.Rishad A Premji, Mr.Azim H Premji, Mr.Thierry Delaporte, Ms.Tulsi Naidu, Mr.Deepak M Satwalekar, Dr.Patrick J Ennis, Mr.Patrick Dupuis, Mr.Ireena Vittal. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 549 Crore shares outstanding.
Investment Rationale
From a long-term perspective, the brokerage believes Wipro has a strong deal pipeline and superior financial structure. However, it lags in execution to capitalize on growth as compared to peers. Rising concerns over the prospects of large economies along with prevailing supply-side constraints pose uncertainties over the company’s short-term growth rates.
Promoter/FII Holdings
Promoters held 72.95 per cent stake in the company as of 30-Sep-2022, while FIIs owned 6.96 per cent, DIIs 7.91 per cent.
Wipro., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 218653.69 Crore) operating in IT Software sector.
Wipro key Products/Revenue Segments include Software Services, Networking, Storage equipment, Servers, Software Licenses for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 23867.30 Crore, up 3.55 % from last quarter Total Income of Rs 23049.40 Crore and up 14.79 % from last year same quarter Total Income of Rs 20791.50 Crore. Company has reported net profit after tax of Rs 3062.40 Crore in latest quarter.
The company’s top management includes Mr.Rishad A Premji, Mr.Azim H Premji, Mr.Thierry Delaporte, Ms.Tulsi Naidu, Mr.Deepak M Satwalekar, Dr.Patrick J Ennis, Mr.Patrick Dupuis, Mr.Ireena Vittal. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 549 Crore shares outstanding.
Investment Rationale
From a long-term perspective, the brokerage believes Wipro has a strong deal pipeline and superior financial structure. However, it lags in execution to capitalize on growth as compared to peers. Rising concerns over the prospects of large economies along with prevailing supply-side constraints pose uncertainties over the company’s short-term growth rates.
Promoter/FII Holdings
Promoters held 72.95 per cent stake in the company as of 30-Sep-2022, while FIIs owned 6.96 per cent, DIIs 7.91 per cent.
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