How to buy Wipro (WIT) stock

Wipro Limited is an information technology services business based in the US. Wipro shares (WIT) are listed on the NYSE and all prices are listed in US Dollars. Wipro employs 200,000 staff and has a trailing 12-month revenue of around 0.00.

Wipro stock price (NYSE: WIT)

Use our graph to track the performance of WIT stocks over time.

Wipro shares at a glance

• Key figures

Information last updated 2021-07-23.

Latest market close	$7.83
52-week range	$3.92 - $8.47
50-day moving average	$7.96
200-day moving average	$7.04
Wall St. target price	$5.72
PE ratio	29.9283
Dividend yield	$1 (12.08%)
Earnings per share (TTM)	$0.28

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Is it a good time to buy Wipro stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Wipro Limited by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Wipro price performance over time

Historical closes compared with the close of $7.83 from 2021-05-26

1 week (2021-07-15)	N/A
1 month (2021-06-25)	7.83
3 months (2021-04-26)	8.90%
6 months (2021-01-22)	N/A

1 year (2020-07-22)	N/A
2 years (2019-07-22)	N/A
3 years (2018-07-22)	N/A
5 years (2016-07-22)	N/A

Is Wipro under- or over-valued?

Valuing Wipro stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Wipro's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Wipro's P/E ratio

Wipro's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Wipro shares trade at around 30x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Wipro's PEG ratio

Wipro's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.0763. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Wipro's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Wipro's EBITDA

Wipro's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $147.8 billion.

The EBITDA is a measure of a Wipro's overall financial performance and is widely used to measure a its profitability.

Wipro financials

Revenue TTM	$652.8 billion
Operating margin TTM	19.71%
Gross profit TTM	$196.2 billion
Return on assets TTM	9.31%
Return on equity TTM	1944%
Profit margin	17.84%
Book value	$101.30
Market capitalisation	$45.8 billion

TTM: trailing 12 months

Shorting Wipro shares

There are currently 10.4 million Wipro shares held short by investors – that's known as Wipro's "short interest". This figure is 16.3% down from 12.5 million last month.

There are a few different ways that this level of interest in shorting Wipro shares can be evaluated.

Wipro's "short interest ratio" (SIR)

Wipro's "short interest ratio" (SIR) is the quantity of Wipro shares currently shorted divided by the average quantity of Wipro shares traded daily (recently around 1.9 million). Wipro's SIR currently stands at 5.57. In other words for every 100,000 Wipro shares traded daily on the market, roughly 5570 shares are currently held short.

However Wipro's short interest can also be evaluated against the total number of Wipro shares, or, against the total number of tradable Wipro shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Wipro's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Wipro shares in existence, roughly 0 shares are currently held short) or 0.0074% of the tradable shares (for every 100,000 tradable Wipro shares, roughly 7 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Wipro.

Find out more about how you can short Wipro stock.

Wipro share dividends

Dividend payout ratio: 4.07% of net profits

Recently Wipro has paid out, on average, around 4.07% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Wipro shareholders could enjoy a 0.17% return on their shares, in the form of dividend payments. In Wipro's case, that would currently equate to about $1 per share.

While Wipro's payout ratio might seem low, this can signify that Wipro is investing more in its future growth.

Wipro's most recent dividend payout was on 8 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 21 January 2021 (the "ex-dividend date").

Have Wipro's shares ever split?

Wipro's shares were split on a 4:3 basis on 14 March 2019. So if you had owned 3 shares the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Wipro shares – just the quantity. However, indirectly, the new 25% lower share price could have impacted the market appetite for Wipro shares which in turn could have impacted Wipro's share price.

Wipro share price volatility

Over the last 12 months, Wipro's shares have ranged in value from as little as $3.9219 up to $8.47. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Wipro's is 0.6437. This would suggest that Wipro's shares are less volatile than average (for this exchange).

Wipro overview

Wipro Limited operates as an 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 consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, 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/or departments owned or controlled by the Government of India and/or various Indian State Governments.

Frequently asked questions

What percentage of Wipro is owned by institutions?
Currently 2.548% of Wipro shares are held by institutions. How many people work for Wipro?
Latest data suggests 200,000 work at Wipro. When does the fiscal year end for Wipro?
Wipro's fiscal year ends in March. Where is Wipro based?
Wipro's address is: Doddakannelli, Bengaluru, India, 560035 What is Wipro's ISIN number?
Wipro's international securities identification number is: US97651M1099 What is Wipro's CUSIP number?
Wipro's Committee on Uniform Securities Identification Procedures number is: 97651M109