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Wipro Ltd ADR WIT Stock Quote

| Rating as of

NYSE: WIT

Last close prices updated as of Feb 07, 2023, 7:13 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 4.86
  • Sector Technology
  • Industry Information Technology Services
  • Investment Style Large Blend
  • Day Range 4.79  –  4.87
  • Year Range 4.38  –  8.07
  • Market Cap 26.6117 Bil
  • Volume / Avg 1.7 Mil /  2.4 Mil
  • Price / Sales 2.49
  • Price / Book 2.90
  • Forward Div Yield 1.60%
  • Trailing Div Yield 1.60%

Morningstar‘s Stock Analysis WIT

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Wipro's Q3 Misses Revenue, Gradual Improvements Underway; Lowering FVE, but Shares Are Still a Buy

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Narrow-moat Wipro took a turn from other IT services that reported earlier this week by missing on revenue—whereas both Tata Consultancy Services and Infosys posted top-line beats. Still, bookings are strong and profitability is gradually rising after absorbing salary increases. We are modestly lowering our fair value estimate for the IT services firm to INR 450 ($5.40) from INR 460 ($5.50) per share to factor in the revenue miss and its implication for the future. However, with shares down 1% upon results, Wipro remains in 4-star, attractive territory. We believe the market is overly harsh on the stock, as our fair value estimate already implies conservative results—including significantly lower margins than its peers over the next five years.

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Key Statistics WIT

Company Profile WIT

Business Description

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.

Contact
Sarjapur Road, Doddakannelli
Bangalore, KA, 560 035, IND
Industry Information Technology Services
Employees 258,744

Related Articles WIT

FAQs for Wipro Ltd ADR Stock

Yes. WIT has a forward dividend yield of 1.60%. See WIT’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

WIT’s market cap is 26.61 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

WIT’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

WIT’s price/sales is 2.49.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

WIT’s price/forward earnings is 16.23.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

WIT’s price/book is 2.92.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See WIT’s valuation ratios compared to the Market Index.

WIT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare WIT’s historical performance against its industry peers and the overall market.