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Wipro Share Price

NSE Symbol: WIPRO | BSE Code: 507685

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Company Information About Wipro Ltd Stock Price:

Wipro Limited is currently a prominent IT company that also does consult work and provides business process services. It focuses on providing services to clients using hyper-automation, cognitive computing, robotics, cloud, and analytics. It has around 160,000 employees, and the company serves clients globally across six continents. In the 1970s and 1980s, the company concentrated more on computers and technology. In 2012, the company announced that its non-IT divisions will be detached from its IT businesses and that the non-IT division would be known as Wipro Enterprises Limited.

History of Wipro Ltd:

Wipro established in 1945. Initially, the company was Western India Palm Refined Oils Limited. Its name was later changed as Western India Products Limited. Initially, it only manufactured vegetable and refined oils in Maharashtra. Just in the 1970s and 1980s, the company focused on computing and other new technology. Around 1990, the company began working on R&D services for third parties. It also started working for third parties on IT services. The company had been listed in the New York Stock Exchange by 2000. In the new millennium, the company has also entered into the BPO business. The company decided to segregate its non-IT and IT divisions in 2012. The company had introduced the 'Wipro Digital' scheme by 2015. This objective of the scheme was to add significant capabilities to the company. In 2017, the company announced that it was launching a new brand identity and the company rearticulated the 'Spirit of Wipro' in a way that showed that the company was committed to evolving and transforming itself to meet changing customer requirements.

Management of Wipro Ltd:

Mr. Azim H. Premji is the Chairman of Wipro. Mr. Abidali Z. Neemuchwala is the CEO and a Member of the Board. Mr. Rishad Premji is the Chief Strategy Officer and a Member of the Board. The company has seven Independent Directors. The Executive Committee consists of seventeen people including the CEO. There are four Committees of Board, each of which contains at least three people. The Strategy Committee is the only committee that has seven people.

Listing information:

Wipro's shares are bought and sold on the BSE and the NSE. Along with this, the stock is traded on the NYSE too.

  1. BSE: 507685
  2. ISIN Code: INE075A01022
  3. Sector: IT
  4. Industry: Computers – Software
  5. NYSE: WIT
  6. NSE: WIPROEQ

Other than these, the company is also listed on the Bangalore Stock Exchange Limited, Cochin Stock Exchange Limited, et cetera.

Wipro also forms a part of indices like the Nifty 100, Nifty LargeMidcap 250, S&P BSE 500, et cetera.

Market Capitalization:

As of March 2018, Wipro has a market capitalization of over Rs.143,000 crore.

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Wealth and Recent Performance of Wipro Ltd:

  1. According to the reports of income for the quarter ended December 2017, the gross revenue of Wipro in the Q3 of the financial year 2017–2018 was Rs.136,690 million lesser than the total income in the Q3 of the previous year which held at Rs.136,878 million.
  2. The PBT for the Q3 of 2017–2018 was Rs.24,714 million which was lesser from the benefit before tax for the same period the previous year at Rs.27,586 million.
  3. The total profit for the quarter ending December 2017 was Rs.19,359 million while the total profit for the corresponding period the previous year was Rs.21,146 million.
  4. The total assets of the company stood at Rs.741,492 million in the quarter ending December 2017.
  5. The total liabilities of the company stood at Rs.268,647 million in the third quarter of the financial year ending 2018.

Stock Trend in 2018:

  1. In January 2016, Wipro's stock was trading at about Rs.316. The stock dropped before increasing again to cross Rs.320. The highest rate for January was almost Rs.331. After 23 January 2018, the stock began to decrease, closing at about Rs.304 for the month.
  2. On 31 January 2018, The company declared an interim dividend of 50 %.
  3. The stock continued to decrease in price in the first week of February 2018. The lowest price in February was about Rs.285. The stock then recovered with a peak of Rs.295 for the entire month. The stock closed at about Rs.292 for February in the year 2018.

The stock dipped again in March 2018, touching a low of about Rs.285 before recovering still. By 15 March 2018, the stock was trading at about Rs.293.

Should You Invest in Wipro?

Wipro is a large IT firm. The demands for IT firms will not reduce any time shortly. Therefore, the company will continue to generate high revenues.

In 2008, the company even invested in clean energy which is a game-changing industry. The potential for massive profits is high.

In 2014, Wipro signed a $1.2 billion contract which stipulates a contract period of about ten years with a Canadian firm.

In late 2016, Wipro also obtained a cloud services company.

All of these indicate that Wipro is a company that had positioned itself as a leading provider of various services around the world.

While all these reasons can be stated to indicate that one should invest in Wipro's stocks, it is better to perform personal research based on financial profile and risk appetite.

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Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

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Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None