Wipro share price: Buy Wipro, price target Rs 606: Chandan Taparia

Chandan Taparia of Motilal Oswal has a call to buy on Wipro Ltd. with a target price of Rs 606. The current market price of Wipro Ltd. is Rs 575.05. The time period given by the analyst is Intra Day when the price of Wipro Ltd. can achieve the set goal.

Wipro Ltd., incorporated in 1945, is a large capitalization company (having a market capitalization of Rs 315338.22 Crore) operating in the computer software industry.

The main products/revenue segments of Wipro Ltd. include software services, networking, storage equipment, servers and software licenses for the year ending March 31, 2021.

finance

For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 20,791.50 Crore, up 3.06% from last quarter, total revenue of Rs 20,173.60 Crore and up up 27.37% from the same quarter last year, total revenue of Rs 16,324.10 Crore. The company reported a net profit after tax of Rs 2964.70 Crore in the last quarter.

Investment rationale
Engulfing bullish on a daily scale and reversing its formation of seven-week low highs.


Promoter/Fii Holdings
The promoters held 73.01% of the company’s capital as of December 31, 2021, while the FIIs held 9.34% and the DIIs 2.77%.

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Margie D. Carlisle