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WIPRO LTD.

NSE : WIPROBSE : 507685ISIN CODE : INE075A01022Industry : IT - Software House : WIPRO
BSE212.5513.25 (+6.65 %)
PREV CLOSE ( ) 199.30
OPEN PRICE ( ) 199.80
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 2479981
TODAY'S LOW / HIGH ( )196.35 214.75
52 WK LOW / HIGH ( )159.6 301.55
NSE212.8013.45 (+6.75 %)
PREV CLOSE( ) 199.35
OPEN PRICE ( ) 199.35
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 212.80 (315)
VOLUME 30630218
TODAY'S LOW / HIGH( ) 196.15 214.90
52 WK LOW / HIGH ( )159.4 301.6
AnalystDate15 Jan 2020
BSECode507685
BlogURLNA
NoteDescriptionDespite being among the major player in the IT space , Wipro has always lack growth among the peers either due to healthcare dragging growth (ACA part in portfolio) or some company specific issue impacting growth , thus resulting in Wipro clocking low single digits organic growth as compared to high single digits for Infosys and TCS in past . However 3QFY20 showed some positive trend with improvement in the TCV wins and robust pipeline ( better than last quarter) .Going forward we expect Wipro to improve its growth in FY21 owing to deal ramp up and continued growth in digital business( now upward of 40% of revenue). We expect retail segment to be differentiator for the company with continued growth in coming quarter however 4QFY20 will continue to remain challenging due to uncertainty regarding geopolitical risks( lower than expected guidance given for 4Q , ie 0% to 2%) .Also weakness in top client around BFSI segment cannot be overlooked as it has been key driver for company in past
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