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Wipro Limited (WIT)
6.7  0.01 (0.15%)    07-17 16:00
Open: 6.68
High: 6.71
Volume: 2,082,641
  
Pre. Close: 6.69
Low: 6.58
Market Cap: 35,004(M)
Technical analysis
2024-07-17 5:31:16 PM
Short term     
Mid term     
Targets 6-month :  7.9 1-year :  9.23
Resists First :  6.76 Second :  7.9
Pivot price 6.38
Supports First :  5.99 Second :  5.51
MAs MA(5) :  6.65 MA(20) :  6.25
MA(100) :  5.75 MA(250) :  5.38
MACD MACD :  0.2 Signal :  0.2
%K %D K(14,3) :  91.6 D(3) :  91.5
RSI RSI(14): 80.9
52-week High :  6.76 Low :  4.48
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ WIT ] has closed below upper band by 18.5%. Bollinger Bands are 73.6% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 11 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 6.72 - 6.74 6.74 - 6.76
Low: 6.51 - 6.54 6.54 - 6.57
Close: 6.65 - 6.7 6.7 - 6.74
Company Description

Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, 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 provides a range of third-party IT products comprising 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 enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.

Headline News

Sat, 13 Jul 2024
Leuthold Group LLC Sells 4,153 Shares of Wipro Limited (NYSE:WIT) - Defense World

Sat, 13 Jul 2024
Wipro (NYSE:WIT) Sets New 1-Year High at $6.53 - American Banking and Market News

Fri, 12 Jul 2024
Wipro (WIT) to Release Earnings on Friday - MarketBeat

Fri, 12 Jul 2024
BI Asset Management Fondsmaeglerselskab A S Takes $206,000 Position in Wipro Limited (NYSE:WIT) - Defense World

Thu, 11 Jul 2024
Wipro (NYSE:WIT) Hits New 12-Month High at $6.53 - MarketBeat

Thu, 11 Jul 2024
Wipro Limited to Announce Results for the First Quarter Ended June 30, 2024, on July 19, 2024 - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Technology
Industry:
Information Technology Services
Shares Out 5,220 (M)
Shares Float 1,420 (M)
Held by Insiders 0 (%)
Held by Institutions 2.8 (%)
Shares Short 32,820 (K)
Shares Short P.Month 25,400 (K)
Stock Financials
EPS 0.25
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 143.67
Profit Margin 12.3 %
Operating Margin 17.2 %
Return on Assets (ttm) 7.4 %
Return on Equity (ttm) 14.5 %
Qtrly Rev. Growth -4.2 %
Gross Profit (p.s.) 0
Sales Per Share 171.95
EBITDA (p.s.) 31.04
Qtrly Earnings Growth -3.5 %
Operating Cash Flow 176,220 (M)
Levered Free Cash Flow 114,940 (M)
Stock Valuations
PE Ratio 26.79
PEG Ratio 4.3
Price to Book value 0.04
Price to Sales 0.03
Price to Cash Flow 0.19
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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