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.

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.

Indexes and Exchages

Bombay Stock Exchange (BSE)

The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman, Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSE’s office is very appropriately named ‘Dalal Street’ which translated to Broker Street in Hindi. BSE operated as a floor trading exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.

National Stock Exchange (NSE)

With an aim to induce transparency to the Indian capital market, the Indian Government implored a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along with the Government's support, established the first demutualized electronic exchange of India in 1992, known as the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which offered a great platform to connect the investor base of the entire country and offer them an easy trading facility. NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is National Stock Exchange of India's benchmark broad-based stock market index for the country's equity market. It lists 50 selected Indian companies across 12 sectors that own the largest and most liquid Indian securities. Hence, it is popularly called NIFTY 50. The Nifty index represents the weighted average of the stock value of those 50 companies. The India Index Services and Products or IISL, a company which is focused on an index as a core product, owns and manages the Nifty. Through one efficient portfolio, the Nifty exposes investment managers to the current status of the Indian market and helps in determining promising investment opportunities.

SENSEX Index

Similar to NSE's Nifty 50, BSE also has a stock market index known as Sensex. The word comes from the words 'Sensitive' and 'Index,' and is basically a portmanteau of the two. BSE 30 and S&P BSE SENSEX are two other names of this index. Sensex constitutes the top 30 financially flourishing and well-established companies from the ones listed on BSE. These companies typically represent diverse industrial sectors of the country's economy to ensure a holistic calculation. Usually, these are the companies that have the largest and most actively traded stocks. SENSEX is broadly reported through both print and electronic media in national as well as international markets. The scientifically designed indexing system is based on globally accepted construction and review methodologies. It is being calculated on the basis of a free-float market capitalization methodology since September 2003.