Wipro Limited – Consensus Indicates Potential 4.8% Upside

Wipro Limited with ticker code (WIT) now have a total of 4 analysts covering the stock. The consensus rating is “Underperform”. The target price ranges from 5.5 to 4.7, with the average target price being 5.04. With the shares’ previous close at 4.81, this would mean that there is potential upside of 4.8%. The 50-day moving average is 5.19, while the 200-day moving average is 6.7. The company’s market capitalization is $26,621 million. Corporate website: https://www.wipro.com

The potential market cap would be $27,894 million based on the market consensus.

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Wipro Limited operates worldwide as an information technology (IT), consulting and business process services company. It operates through three segments: IT Services, IT Products and India State Run Enterprise Services (ISRE). The IT Services segment provides IT and IT-enabled services, including digital strategy consulting, customer-centric design, technology and IT consulting, custom application design, development, reengineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, Enterprise cloud, mobility and analytics services, research and development, and hardware and software design services. It serves customers in various industries such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy and utilities. The IT Products segment offers a range of third-party IT products, including enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves companies in various industries primarily in the Indian market, which includes the government, defence, IT and IT-enabled services, telecom, manufacturing, utilities, education and financial services sectors. ISRE segment provides IT services to companies and departments owned or controlled by the Government of India and/or various Indian state governments. The company was founded in 1945 and is based in Bengaluru, India.