WIPRO SHARE PRICE TARGET 2024, 2025, 2026 to 2030: CAN WIPRO REACH 500INR?

Wipro Ltd is a global IT services company founded in India on December 29, 1945. With headquarters in Bengaluru, it is the fourth largest Indian player in the industry, following TCS, Infosys, and HCL Technologies. Wipro offers a wide range of services, including IT consulting, application development, infrastructure services, and business process outsourcing.

Under the leadership of CEO Thierry Delaporte since July 6, 2020, Wipro has built a strong presence in both domestic and international markets, serving clients across sectors such as finance, healthcare, retail, manufacturing, and telecommunications. With over 240,000 employees, Wipro is recognized for its commitment to innovation and long-term partnerships, making it a trusted partner for businesses seeking digital transformation.

Investors are looking for growth possibilities that can produce long-term value as we enter a new decade. WIPRO LTD is one such stock that has caught the attention of investors. Many people are unsure whether WIPRO can be the game-changer in their portfolio despite having a significant presence in the IT sector and a history of success.

In this piece, we’ll examine WIPRO’s financial performance during the previous five years in further detail and examine the company’s growth prospects from 2024 to 2030. The share price target will also be discussed, and the nagging question on every investor’s mind: Is WIPRO a decent company to buy? Let’s find out.

As of 10th May 2024, Wipro is trading at Rs. 452.

How to purchase Wipro shares?

Wipro Share Price Target: 2024 to 2030

Wipro Share Price Target 2024

When Maximum Price Minimum Price
May 2024 488.16 424.49
June 2024 505.73 439.77
July 2024 500.68 435.37
August 2024 520.70 452.79
September 2024 541.53 470.90
October 2024 530.91 461.66
November 2024 546.84 475.51
December 2024 560.51 487.40

In 2024, Wipro’s share price is expected to range between a maximum of around 560.51 in December and a minimum of about 424.49 in May, with gradual increases over the year.

Wipro Share Price Target 2025

When Maximum Price Minimum Price
January 2025 571.72 439.79
February 2025 586.38 451.06
March 2025 609.25 468.65
April 2025 597.30 459.46
May 2025 579.91 446.08
June 2025 606.00 466.16
July 2025 594.12 457.02
August 2025 612.50 471.15
September 2025 633.93 487.64
October 2025 650.41 500.32
November 2025 666.68 512.83
December 2025 683.34 525.65

In 2025, Wipro’s share price is anticipated to rise steadily, reaching a maximum of 683.34 in December and a minimum of 439.79 in January, reflecting consistent growth throughout the year.

Wipro Share Price Target 2026

When Maximum Price Minimum Price
January 2026 703.84 541.42
February 2026 721.89 555.30
March 2026 750.04 576.96
April 2026 735.34 565.64
May 2026 713.92 549.17
June 2026 746.05 573.88
July 2026 731.42 562.63
August 2026 754.04 580.03
September 2026 780.43 600.33
October 2026 800.72 615.94
November 2026 820.74 631.34
December 2026 841.26 647.12

Wipro Share Price Target 2027

When Maximum Price Minimum Price
January 2027 858.08 660.06
February 2027 880.08 676.99
March 2027 914.41 703.39
April 2027 896.48 689.60
May 2027 870.37 669.51
June 2027 909.53 699.64
July 2027 891.70 685.92
August 2027 919.28 707.14
September 2027 951.45 731.89
October 2027 976.19 750.92
November 2027 1,000.60 769.69
December 2027 1,025.61 788.93

Wipro Share Price Target 2028

When Maximum Price Minimum Price
January 2028 1,046.12 804.71
February 2028 1,072.95 825.34
March 2028 1,114.79 857.53
April 2028 1,092.93 840.72
May 2028 1,061.10 816.23
June 2028 1,108.85 852.96
July 2028 1,087.11 836.24
August 2028 1,120.73 862.10
September 2028 1,159.95 892.27
October 2028 1,190.11 915.47
November 2028 1,219.87 938.36
December 2028 1,250.36 961.82

Wipro Share Price Target 2029

When Maximum Price Minimum Price
January 2029 1,275.37 981.05
February 2029 1,308.07 1,006.21
March 2029 1,359.09 1,045.45
April 2029 1,332.44 1,024.95
May 2029 1,293.63 995.10
June 2029 1,351.84 1,039.88
July 2029 1,325.34 1,019.49
August 2029 1,366.32 1,051.02
September 2029 1,414.15 1,087.80
October 2029 1,450.91 1,116.09
November 2029 1,487.19 1,143.99
December 2029 1,524.37 1,172.59

Wipro Share Price Prediction 2030

When Maximum Price Minimum Price
January 2030 1,554.85 1,196.04
February 2030 1,594.72 1,226.71
March 2030 1,656.92 1,274.55
April 2030 1,624.43 1,249.56
May 2030 1,577.11 1,213.16
June 2030 1,648.08 1,267.76
July 2030 1,615.77 1,242.90
August 2030 1,665.74 1,281.34
September 2030 1,724.04 1,326.19
October 2030 1,768.87 1,360.67
November 2030 1,813.09 1,394.68
December 2030 1,858.42 1,429.55

Financial Condition of Wipro Ltd: Last 5 years

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 61,138 61,935 79,312 90,488 89,760
Expenses + 48,795 47,164 62,628 73,640 73,008
Operating Profit 12,342 14,771 16,684 16,848 16,752
OPM % 20% 24% 21% 19% 19%
Other Income + 2,728 2,404 2,067 2,266 2,631
Interest 733 509 532 1,008 1,255
Depreciation 2,086 2,763 3,078 3,340 3,407
Profit before tax 12,252 13,903 15,141 14,766 14,721
Tax % 20% 22% 19% 23% 25%
Net Profit + 9,772 10,868 12,243 11,366 11,112
EPS in Rs 17.02 19.7 22.31 20.68 21.14
Dividend Payout % 6% 5% 27% 5% 5%
  • Wipro’s sales have shown consistent growth over the years, reaching a peak of Rs 90,488 crore in March 2023 before experiencing a slight decline to Rs 89,760 crore in March 2024.
  • Operating profit has remained relatively stable, with fluctuations reflecting changes in expenses and other income. In March 2024, the operating profit stood at Rs 16,752 crore, maintaining a 19% operating profit margin (OPM).
  • Other income has also seen variations but generally contributed positively to the company’s profitability, reaching Rs 2,631 crore in March 2024.
  • Interest expenses have shown an upward trend over the years, reaching Rs 1,255 crore in March 2024.
  • Depreciation expenses have increased gradually, reflecting investments in assets, technology, and infrastructure.
  • Profit before tax remained relatively steady over the years, indicating the company’s ability to maintain profitability despite fluctuations in expenses and other factors.
  • Net profit has shown a slight decrease in March 2024 compared to the previous year, reaching Rs 11,112 crore, with earnings per share (EPS) at Rs 21.14.
  • The dividend payout percentage has remained consistent over the years, indicating a stable dividend distribution policy.

Overall, Wipro’s financials reflect a company with consistent sales growth, stable operating profit margins, and prudent financial management practices, despite fluctuations in expenses and other factors.

FAQS

What is the current share price of Wipro?

As of May 12th, 2024, the share price of Wipro is ₹452.

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What is the target share price of Wipro for 2025?

In 2025, the maximum target share price for Wipro is projected to reach ₹683.34, indicating potential growth opportunities and investor confidence in the company’s performance. Conversely, the minimum target share price is anticipated to be ₹439.79.

What factors could affect the share price of Wipro in the coming years?

The share price of Wipro could be affected by various factors such as the company’s financial performance, market conditions, competition, government regulations, and global economic trends.

Can Wipro reach a share price of ₹5,000 by 2025?

Based on the current data and trends, it is unlikely for Wipro to reach a share price of ₹5,000 by 2025.

What is the company’s revenue and profit growth in the past five years?

Over the past five years, Wipro has seen consistent growth in both revenue and profit. Revenue increased from Rs 61,138 crore in March 2020 to Rs 89,760 crore in March 2024, marking a total growth of approximately 46.9%. Net profit rose from Rs 9,772 crore to Rs 11,112 crore during the same period, indicating a total growth of around 13.7%. This demonstrates Wipro’s sustained financial performance and strategic effectiveness amidst market fluctuations and operational challenges.

What is the dividend payout ratio of Wipro?

The dividend payout ratio of Wipro for the year 2024 is 5%.

How does Wipro compare to its competitors in the industry?

Wipro’s competitors in the IT and consulting industry include Tata Consultancy Services, Infosys, and Accenture. Wipro has been able to maintain its position as one of the leading companies in the industry with a strong market presence.

What is the market sentiment towards Wipro?

The market sentiment towards Wipro is positive, with many analysts recommending a buy rating on the stock.

What are the potential risks associated with investing in Wipro?

Investing in Wipro comes with potential risks such as market volatility, industry competition, regulatory changes, and geopolitical risks. It is important to conduct thorough research and analysis before making any investment decisions.

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Conclusion: Should you invest in Wipro in 2024?

Wipro is one of the top IT stocks to buy in 2024. Over the past five years, WIPRO LTD has consistently increased its earnings, revenues, and profits. The results have shown that the company is growing, but at what pace, you may ask.

Wipro Ltd’s Q4 FY24 results showcase the company’s unwavering commitment to delivering value and maintaining profitability even amidst challenging market conditions. With a net profit of Rs 2,835 crore and revenue of Rs 22,208 crore, Wipro exceeded consensus estimates, highlighting its resilience and operational efficiency. Moreover, the consistent growth trajectory observed over the past five years, with revenue rising from Rs 61,138 crore in March 2020 to Rs 89,760 crore in March 2024, underscores Wipro’s strong position in the industry.

Looking forward, Wipro’s share price targets for 2025 to 2030 signal optimism and potential for sustained growth, supported by its strategic initiatives and visionary leadership under CEO Thierry Delaporte. With a focus on innovation and long-term partnerships, Wipro is well-poised to capitalize on emerging opportunities and drive value for its stakeholders. In conclusion, Wipro presents an appealing investment opportunity for investors seeking exposure to a dynamic and resilient player in the IT services sector.

Short and long term, Wipro looks good to me (personal opinion, and not financial advice).

Having said that it’s crucial to remember that a variety of factors, such as market circumstances and company-specific events, have an impact on share prices. Yet, investors may think about WIPRO shares as a long-term investment if they have a well-diversified portfolio and a long-term horizon.

P.S. This is not investment advice. Consult a SEBI-registered financial advisor before investing in Wipro or any other stocks.

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Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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