Wipro Share Price | Buy Wipro shares, share price will touch the level of ₹ 680, note the update – NSE: WIPRO
Wipro Share Price | Wipro Limited's second quarter results are positive. Margin of Wipro Limited Company in the second quarter (NSE: WIPRO) Increase. The second quarter has also been good for Wipro Limited in terms of winning new contracts. Experts say that in such a scenario, Wipro Limited shares are likely to perform well. The purchase of Wipro shares has also increased due to the announcement of free bonus shares. On Monday, October 21, the stock had risen 0.21 percent to Rs 549.80. (Wipro Limited Company Excerpt)
Company's good performance in major markets
Major markets such as the US and APMEA have seen quarter-on-quarter growth, while European markets have seen a slight decline in constant currency. However, Wipro Limited has performed well in BFSI. Wipro Limited has also performed well in the consumer, health and technology sectors. The expert said that Wipro Limited will have to focus on both the verticals. On Tuesday (22 October 2024), the stock was trading at Rs 547, down 0.22%. Wipro Ltd received a total of $3.6 billion in new contracts in the second quarter, according to data released by the company. Order books are up 9 percent on a quarterly basis. Wipro Limited has also managed to secure major contracts. Wipro Limited's confidence is positive for better performance in future. Wipro Ltd. grew its headcount for the second consecutive quarter, which is a positive sign for the business.
Wipro Share – BUY Rating and Target Price
Wipro Limited share may face pressure in the short term. However, experts are hopeful that after that the situation will improve with the execution. Apart from this, Wipro Limited is still far from the leading position in the IT industry compared to Infosys and TCS. Its effect is clearly visible in the assessment also. However, due to good execution, experts expect the gap in valuation to reduce. Macquarie brokerage firm has given a target price of Rs 670 for Wipro Limited Company shares. Nomura brokerage firm has given a target price of Rs 680 for Wipro Limited Company shares.
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