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Wipro Limited (WIPRO) Receives a Hold from IDBI Capital

Tipranks - Tipranks - Wed Jan 21, 10:40AM CST

IDBI Capital analyst maintained a Hold rating on Wipro Limited yesterday and set a price target of INR286.00. The company’s shares closed today at INR246.00.

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Wipro Limited has an analyst consensus of Moderate Sell, with a price target consensus of INR264.00, which is a 7.32% upside from current levels. In a report released today, TipRanks – Anthropic also reiterated a Hold rating on the stock with a INR260.00 price target.

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Based on Wipro Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of INR226.97 billion and a net profit of INR32.46 billion. In comparison, last year the company earned a revenue of INR223.02 billion and had a net profit of INR32.09 billion

Based on the recent corporate insider activity of 410 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WIPRO in relation to earlier this year.

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