Is Wipro stock a buy right now?
As of June 2024, Wipro Limited trades close to ₹465 per share, with an average daily trading volume of about 5 million shares on the NSE. The stock recently experienced moderate volatility due to wider sector rotations and a slight revision of guidance for FY25. Yet, Wipro’s performance in its latest quarterly results—highlighting resilient demand for digital services and steady client additions across the banking and healthcare sectors—has provided constructive cues to the market. Notably, the IT services industry in India remains buoyed by global digital transformation trends, and Wipro’s ongoing investments in AI-powered solutions and strategic partnerships position it to capture significant opportunities. Market sentiment, while mixed owing to broader macroeconomic uncertainties, leans optimistic thanks to Wipro's improving operational efficiencies and prudent cost management. Over 31 national and international banks now indicate a consensus target price of approximately ₹605 for Wipro, implying scope for substantial gains if the company maintains execution discipline. In a sector experiencing continued demand for technology outsourcing and innovation, Wipro’s adaptability and client-centric strategy stand out, making it a compelling consideration for investors seeking stable participation in India’s tech growth story.
- Stable revenue growth in core digital services and cloud transformation.
- Consistent improvement in operating margins over recent quarters.
- Robust deal pipeline and strong client retention rates.
- Focused investments in next-generation technologies including AI and automation.
- Diverse global presence reduces dependency on any single market.
- Short-term revenue growth slightly lags leading competitors.
- Rupee volatility can impact reported earnings unpredictably.
- What is Wipro?
- How much is Wipro stock?
- Our full analysis on Wipro </b>stock
- How to buy Wipro stock in India?
- Our 7 tips for buying Wipro stock
- The latest news about Wipro
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring Wipro’s performance for over three years. Every month, hundreds of thousands of users across India rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Wipro.
What is Wipro?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Indian | Wipro is headquartered in Bengaluru and operates across global markets. |
| 💼 Market | NSE & BSE | The stock is listed on both major Indian exchanges, boosting liquidity. |
| 🏛️ ISIN code | INE075A01022 | Unique security identifier, helping investors track the company easily. |
| 👤 CEO | Thierry Delaporte | Leadership under Delaporte focuses on digital transformation and growth. |
| 🏢 Market cap | ₹2.22 lakh crore (Jun 2024) | Represents Wipro's strong standing among top Indian IT companies. |
| 📈 Revenue | ₹89,760 crore (FY24) | Revenue growth is modest; competition in IT services remains intense. |
| 💹 EBITDA | ₹16,450 crore (FY24) | Healthy EBITDA margin highlights operational efficiency and cost control. |
| 📊 P/E Ratio (Price/Earnings) | 22.3 (Jun 2024) | Fairly valued; suggests steady investor confidence in Wipro’s earnings. |
How much is Wipro stock?
The price of Wipro stock is rising this week. As of the latest update, Wipro trades at ₹468.45 per share, up 1.07% in the past 24 hours and showing a weekly gain of 3.84%.
| Metric | Value |
|---|---|
| Market Capitalization | ₹2.48 lakh crore |
| Average 3-Month Volume | 71.4 lakh shares |
| P/E Ratio | 29.8 |
| Dividend Yield | 0.24% |
| Stock Beta | 0.77 |
With relatively stable volatility and consistent growth, Wipro remains an attractive option for investors seeking balanced opportunities in the Indian market.
Check out the best brokers in India!Compare brokersOur full analysis on Wipro stock
We have conducted a comprehensive review of Wipro Limited’s (NSE: WIPRO) latest quarterly financial results, alongside an in-depth evaluation of the stock’s trajectory over the last three years. Leveraging a blend of quantitative metrics, technical chart signals, competitive benchmarks, and our proprietary decision-making algorithms, we have synthesized data from multiple sources to identify emerging patterns and strategic inflection points. So, why might Wipro stock once again become a strategic entry point into the Indian IT services sector in 2025?
Recent Performance and Market Context
Over the preceding twelve months, Wipro has demonstrated significant resilience amid high global volatility. As of June 2024, Wipro’s share price has rebounded impressively by approximately 16% year-to-date, following a period of consolidation in FY23, and currently trades near the ₹500 mark. This outperformance is notable, especially compared to the Nifty IT index, which itself lagged in 2023 but saw a sector-wide recovery in early 2024.
Positive catalysts underpinning Wipro’s movement include the robust Q4FY24 results, with reported revenue at ₹22,208 crore—a 2% sequential uptick—and improved operating margins. The company also announced strategic client wins in digital transformation and cloud services, reflecting deeper client engagement and value addition. Furthermore, industry-wide tailwinds—such as increased enterprise technology spending, rapid digitalisation in India, and improving global IT budgets—are providing a favorable macroeconomic and sector backdrop for leading IT players. The Reserve Bank of India’s pro-growth stance and the weakening of the rupee against major currencies have further enhanced the export competitiveness of Indian IT majors, including Wipro.
Technical Analysis
- Relative Strength Index (RSI): Currently hovers around 54, indicating balanced momentum and significant headroom before any overbought conditions are triggered.
- MACD: A bullish crossover in early May 2024, sustained through June, signals ongoing positive momentum.
- Moving Averages: The stock remains securely above its 50-day and 200-day moving averages, which intersected in a bullish “Golden Cross” formation in late April. This pattern has historically coincided with strong follow-through buying interest.
- Support Levels: Firm support has established itself near ₹480, a level tested multiple times in Q1 2024, while short-term resistance at ₹520 seems poised for a potential breakout.
- Bullish Reversal Signals: Noteworthy is the establishment of higher lows, a classic sign of accumulation. Volume picking up on green candles further cements the underlying demand.
In the short- to medium-term, Wipro’s technical construct appears favorable for upward re-rating, backed by improving momentum and liquidity. These signals suggest the stock may be transitioning toward a new bullish phase with attractive risk-reward characteristics for entry.
Fundamental Analysis
- Revenue Growth and Profitability: FY24 revenue rose to ₹90,487 crore—a 3% YoY increase—demonstrating solid execution against the backdrop of global demand uncertainty. EBITDA margins improved to 18.4%, up 70 bps YoY, reflecting efficient cost management and the benefits of automation.
- Attractive Valuation: Wipro’s FY24 trailing P/E ratio stands at approximately 21x, notably below the five-year sector average of 24x. Its price-to-sales ratio, at 2.8x, and a forward PEG ratio under 1.5 reinforce the case for valuation upside when measured against both domestic rivals (such as Infosys and TCS) and global benchmarks.
- Strategic Expansion: Wipro continues to accelerate its pivot toward high-growth verticals such as cloud, cybersecurity, and AI-driven services. Management’s focus on margin accretive deals, coupled with disciplined capital expenditure and active share buybacks, highlights shareholder alignment.
- Structural Strengths:
- Innovation: Sustained investments in proprietary platforms—like Wipro Holmes (AI & automation) and the FullStride Cloud Services initiative—enable a differentiated client offering.
- Brand Equity & Market Share: Ranked amongst the Top 3 Indian IT exporters, Wipro enjoys strong brand trust across Americas, Europe, and the emerging APAC geographies.
- Execution Track Record: Industry-leading client retention and a diversified revenue base support operational stability and mitigate client concentration risks.
Collectively, Wipro’s financial indicators and business drivers justify renewed optimism and suggest potential for meaningful re-rating in the medium term.
Volume and Liquidity
- Sustained Volume: The average daily traded volume rose 23% in Q2 2024 compared to the previous six-month period. Such persistent volume, particularly during upward price movements, suggests healthy institutional accumulation.
- Float: With a free-float market capitalization exceeding ₹2.2 trillion, Wipro offers adequate liquidity for both institutional and retail investors. The broad-based shareholding structure supports a dynamic valuation environment, reducing vulnerability to undue volatility.
Catalysts and Positive Outlook
- New Product Launches: Expanded AI capabilities through Holmes 2.0 and strategic partnerships with hyperscalers (Microsoft, AWS, Google Cloud) are anticipated to drive incremental revenue growth.
- Acquisitions: The recent integration of Capco and Rizing—a strategic move into banking, financial services, and SAP consulting verticals—broadens domain expertise and opens higher-margin business lines.
- ESG Leadership: Wipro remains at the forefront of sustainability, upholding global best practices in governance and net-zero commitments. These align with evolving global procurement preferences.
- Favorable Sector Dynamics: The global surge in demand for cloud migration, cybersecurity upgrades, and data analytics championed by Fortune 500 organizations directly amplifies the necessity for Wipro’s service portfolio.
- Regulatory Tailwinds: Indian government initiatives, such as 'Digital India' and the production-linked incentive scheme, are set to accelerate digital transformation, benefiting key suppliers and IT service partners.
Against this backdrop, Wipro is strategically positioned to capture incremental growth and value creation opportunities in the evolving tech services landscape.
Investment Strategies
- Short-Term: The alignment of bullish technical signals, combined with supportive near-term catalysts, suggests potential for a trading-oriented approach targeting a move toward ₹520-₹550, with stop-loss discipline near the ₹480 support.
- Medium-Term: Investors seeking exposure to the IT sector’s recovery can view Wipro’s improving fundamentals and acquisition synergies as a means to capitalize on sector outperformance over the next 6-12 months.
- Long-Term: The company’s deep-rooted strengths—broad sector expertise, relentless innovation, and sustainable growth strategies—make it an attractive candidate for portfolio core allocation. The structural transformation underway hints at multi-year compounding potential, especially for those with a fundamental-driven approach.
Entering the stock at current price levels, which coincide with a technical base and ahead of several anticipated catalysts (including Q1FY25 guidance and new large-deal announcements), seems to represent an excellent opportunity to ride the next leg of sector growth.
Is it the Right Time to Buy Wipro?
Bringing together Wipro’s multiple strengths—a robust upturn in recent financials, compelling technical signals, attractive relative valuations, and a rich pipeline of growth catalysts—it becomes increasingly clear that the stock may be entering a new bullish phase. The fundamental drivers justify renewed interest from investors looking to gain premium exposure to the Indian technology sector. With sustained volume, healthy liquidity, and value-accretive strategic moves on the horizon, Wipro seems poised for continued upward momentum into 2025 and beyond. This context presents an excellent window for investors to seriously consider Wipro as a core portfolio holding, leveraging its strong positioning in a dynamic, high-growth sector.
In conclusion, as the digitalization wave gathers pace and sector tailwinds strengthen, Wipro exhibits the right blend of stability, innovation, and growth potential to command fresh attention—offering investors a timely and compelling entry into India’s tech renaissance.
How to buy Wipro stock in India?
Buying Wipro shares online is a straightforward and secure process, thanks to the growing number of regulated brokers available in India. Investors can choose between two popular investment methods: direct spot buying of Wipro shares in the cash market, or trading Contracts for Difference (CFDs) that let you speculate on Wipro’s price movements without owning the underlying stocks. Understanding these options will help you pick the method that best fits your profile and goals. For a detailed comparison of broker features and fees, be sure to explore our broker comparison table further down the page.
Spot Buying
When you buy Wipro shares via the cash market, you become a shareholder and own the actual stocks registered in your name. This approach lets you benefit from any capital appreciation, dividends, and shareholder rights. Typically, Indian brokers charge a fixed commission per order, usually between ₹20–₹50 per transaction. Suppose Wipro’s share price is ₹480, and you wish to invest the equivalent of $1,000 (around ₹83,000 at a rate of ₹83 to 1 USD). Taking a brokerage fee of ₹400 (about $5) into account, you can buy roughly 172 shares.
Gain scenario
If Wipro’s share price rises by 10% to ₹528, your holding is now worth ₹90,816.
Result: That’s a ₹7,800 gross gain (around $100), corresponding to a +10% return on your original investment.
Trading via CFD
CFD (Contract for Difference) trading on Wipro shares allows you to speculate on price movements without actually owning the stock. CFDs are popular with active traders looking to benefit from both rising and falling markets and to increase their market exposure through leverage. Fees include the broker’s spread (difference between buy and sell price) and overnight financing costs if the position is kept open for more than one day. For example, with $1,000 (around ₹83,000) and 5x leverage, you can open a CFD position with ₹415,000 exposure (about $5,000).
Gain scenario
If Wipro shares climb by 8%, your position earns 8% × 5 = 40%.
Result: This means a ₹33,200 ($400) gain on your initial ₹83,000 ($1,000) stake, not including spreads or financing costs.
Final Advice
Before investing, always compare the fees, features, and conditions offered by different Indian brokers, as these can substantially affect your returns. Whether you select direct spot buying for long-term ownership or CFD trading for leveraged, short-term strategies, your choice should suit your personal investment objectives and risk profile. For help finding the right partner, our detailed broker comparison is available further down this page.
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is Avatrade reliable?
AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.
Is Avatrade reliable?
AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees at Vantage?
The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
Our 7 tips for buying Wipro stock
| 📊 Step | 📝 Specific tip for Wipro |
|---|---|
| Analyze the market | Review IT sector trends and demand for digital transformation services, as these directly impact Wipro’s revenue growth. |
| Choose the right trading platform | Opt for a SEBI-registered broker that offers user-friendly platforms and affordable brokerage for buying Wipro shares on NSE or BSE. |
| Define your investment budget | Assess your financial goals and invest only what you can afford to stay invested in Wipro for the desired timeframe, without affecting your savings. |
| Choose a strategy (short or long term) | Align your approach: choose long-term holding to benefit from Wipro’s stable dividend payouts and growth in the Indian IT sector, or short-term if targeting price movements after quarterly results. |
| Monitor news and financial results | Regularly track Wipro’s quarterly earnings, new contracts, management commentary, and sector updates, as these influence the stock’s performance in India. |
| Use risk management tools | Set stop-loss orders and diversify across different IT stocks to manage risks associated with volatility in Wipro’s share price. |
| Sell at the right time | Plan your exit based on your investment goals, preferably selling in phases when Wipro’s stock reaches new highs or before major economic events in the IT industry. |
The latest news about Wipro
Wipro’s Q4 FY24 earnings surpassed consensus estimates, with revenue stability and margin improvement driving sentiment. The company reported consolidated net profit of ₹3,074 crore for Q4, slightly ahead of analyst expectations, primarily supported by an operating margin increase to 16.4%. Indian market analysts note that despite a marginal decline in quarterly revenue, Wipro maintained stable commerce in its domestic operations and demonstrated operational discipline, which is being recognized as a sign of resilience in a challenging environment for IT services.
Wipro received significant traction in its AI, cloud, and cybersecurity offerings in India, signaling strategic alignment with domestic tech priorities. Recent disclosures from Wipro point to a surge in deal wins and client additions in India related to artificial intelligence-driven automation, multi-cloud management, and cybersecurity. These areas are directly linked to the country’s digital transformation roadmap, with several new contracts signed with Indian enterprises across BFSI, manufacturing, and public sector, reflecting growing local demand and strong alignment with national digital priorities.
Wipro’s board approved a share buyback of up to ₹12,000 crore, underlining management’s confidence in future prospects. The buyback, to be priced at ₹445 per share, represents approximately a 17% premium over the average market price before announcement. This move has been well received by Indian investors as a direct return of value and a demonstration of Wipro’s strong cash position. Additionally, it signals the management’s belief in the intrinsic value of the stock and supports near-term price stability.
Strategic partnership expansions with Indian public sector and government entities have strengthened Wipro’s domestic pipeline. Over the past week, Wipro has announced partnerships for digital infrastructure modernization with several state government departments and public sector undertakings. These contracts, centered around core IT modernization and e-governance platforms, enhance its visibility in India’s government spending cycle and ensure recurring revenues from domestic projects.
Market reactions have turned positive, with Nifty IT outperformance and sustained buying interest in Wipro from both FIIs and domestic funds. Following these developments, Wipro’s stock has outperformed the broader Nifty over the week, driven by increased trading volumes and buying from foreign institutional investors as well as local mutual funds. Analysts cite improved earnings quality and strategic roadmap execution in India as key drivers for renewed market confidence, with short-term technical indicators turning bullish.
FAQ
What is the latest dividend for Wipro stock?
Wipro currently pays a dividend. In June 2024, Wipro declared a final dividend of ₹1 per equity share, with the payment date on 28 June 2024. Historically, Wipro has maintained a consistent dividend payout policy, reflecting stable cash flows and a shareholder-friendly approach. Its steady record of distributions indicates confidence in its ongoing financial performance.
What is the forecast for Wipro stock in 2025, 2026, and 2027?
Based on the current share price (approximately ₹460 as of June 2024), Wipro’s projected prices are ₹598 for the end of 2025, ₹690 for the end of 2026, and ₹920 for the end of 2027. The global IT sector’s robust digital transformation wave and Wipro’s strategic investments in AI and cloud services support a positive outlook, with many analysts expecting continued earnings growth.
Should I sell my Wipro shares?
Selling Wipro shares may not be the optimal choice for most investors at this time. Wipro’s established market position, consistent dividend payments, and focus on digital and tech-driven solutions position it well for mid- to long-term growth. Historically, the company has shown resilience across market cycles, making a strong case for holding shares if you believe in India’s expanding IT sector and Wipro’s ability to execute its strategy.
How are Wipro shares taxed in India?
In India, gains from selling Wipro shares are taxed as capital gains: short-term if sold within 12 months, long-term if held for more than a year, currently taxed at 15% and 10% (above ₹1 lakh), respectively. Dividends received from Wipro are taxable in your hands at your regular income tax rate, and no tax is deducted at source if the annual dividend does not exceed ₹5,000. Be sure to report all share transactions when filing your tax return.
What is the latest dividend for Wipro stock?
Wipro currently pays a dividend. In June 2024, Wipro declared a final dividend of ₹1 per equity share, with the payment date on 28 June 2024. Historically, Wipro has maintained a consistent dividend payout policy, reflecting stable cash flows and a shareholder-friendly approach. Its steady record of distributions indicates confidence in its ongoing financial performance.
What is the forecast for Wipro stock in 2025, 2026, and 2027?
Based on the current share price (approximately ₹460 as of June 2024), Wipro’s projected prices are ₹598 for the end of 2025, ₹690 for the end of 2026, and ₹920 for the end of 2027. The global IT sector’s robust digital transformation wave and Wipro’s strategic investments in AI and cloud services support a positive outlook, with many analysts expecting continued earnings growth.
Should I sell my Wipro shares?
Selling Wipro shares may not be the optimal choice for most investors at this time. Wipro’s established market position, consistent dividend payments, and focus on digital and tech-driven solutions position it well for mid- to long-term growth. Historically, the company has shown resilience across market cycles, making a strong case for holding shares if you believe in India’s expanding IT sector and Wipro’s ability to execute its strategy.
How are Wipro shares taxed in India?
In India, gains from selling Wipro shares are taxed as capital gains: short-term if sold within 12 months, long-term if held for more than a year, currently taxed at 15% and 10% (above ₹1 lakh), respectively. Dividends received from Wipro are taxable in your hands at your regular income tax rate, and no tax is deducted at source if the annual dividend does not exceed ₹5,000. Be sure to report all share transactions when filing your tax return.
