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Wipro Limited (WIT)

4.43   0.02 (0.45%) 03-27 16:00
Open: 4.42 Pre. Close: 4.41
High: 4.45 Low: 4.41
Volume: 1,611,690 Market Cap: 24,265(M)

Technical analysis

as of: 2023-03-27 4:24:46 PM
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 5.47     One year: 5.69
Support: Support1: 4.36    Support2: 3.63
Resistance: Resistance1: 4.68    Resistance2: 4.88
Pivot: 4.58
Moving Average: MA(5): 4.42     MA(20): 4.62
MA(100): 4.79     MA(250): 5.26
MACD: MACD(12,26): -0.2     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 10.2     %D(3): 7.6
RSI: RSI(14): 34.1
52-week: High: 8.02  Low: 4.36
Average Vol(K): 3-Month: 2,273 (K)  10-Days: 1,785 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ WIT ] has closed above bottom band by 23.4%. Bollinger Bands are 37% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 4.45 - 4.49 4.49 - 4.51
Low: 4.35 - 4.38 4.38 - 4.41
Close: 4.39 - 4.44 4.44 - 4.48

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

Sun, 26 Mar 2023
Wipro Ltd. - ADR Shares Close in on 52-Week Low - Market Mover - Nasdaq

Fri, 24 Mar 2023
Oversold Conditions For Wipro (WIT) - Nasdaq

Fri, 24 Mar 2023
Assenagon Asset Management S.A. Sells 422998 Shares of Wipro ... - MarketBeat

Wed, 22 Mar 2023
Analyst Rating: Will Wipro Ltd (WIT) Stock Outperform the Market? - InvestorsObserver

Tue, 14 Mar 2023
Can Wipro Ltd (WIT) Stock Rise to the Top of Technology Sector Tuesday? - InvestorsObserver

Thu, 09 Mar 2023
Menzies Aviation Selects Wipro to Transform Its Air Cargo Services - Wipro

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Technology
Industry:  Information Technology Services
Shares Out. 5,480 (M)
Shares Float 1,480 (M)
% Held by Insiders 0 (%)
% Held by Institutions 2.4 (%)
Shares Short 4,550 (K)
Shares Short P.Month 5,330 (K)

Stock Financials

EPS 0.25
EPS Est Next Qtl 0.07
EPS Est This Year 0.27
EPS Est Next Year 0.28
Book Value (p.s.) 137.85
Profit Margin (%) 12.8
Operating Margin (%) 15
Return on Assets (ttm) 7.5
Return on Equity (ttm) 16.1
Qtrly Rev. Growth 14.3
Gross Profit (p.s.) 41.22
Sales Per Share 160.87
EBITDA (p.s.) 28.7
Qtrly Earnings Growth 2.5
Operating Cash Flow 116,620 (M)
Levered Free Cash Flow 81,510 (M)

Stock Valuations

PE Ratio 17.73
PEG Ratio 2
Price to Book value 0.03
Price to Sales 0.02
Price to Cash Flow 0.2

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0.2%
Dividend Pay Date 2021-02-08
Ex-Dividend Date 2021-01-21
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