Street is extremely negative on this stock. Growth concerns and expensive valuation. Stock price is held up because of impending buyback (ex date is June 21);
Goldman’s target on this is 214, Morgan Stanley at 245 and Kotak at 270.
Offer Period for the Buyback of Equity Shares of the Company will open on Wednesday, August 14, 2019 and close on Wednesday, August 14, 2019 at a price of ₹ 325/-
Why Premji’s stake in Wipro rose even after share sale
Premji’s group sold 7300 crore shares in buyback
Wipro to acquire US-based ITI for USD 45 million. Similar is the case with HCL. With Rishad Premji steering the company it will be good to add Wipro in watchlist.
Their freecash flow was 11760 cr - 10500 cr (buyback) = 1260 cr
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The current share price has crossed the buyback price. I find that a little strange. The market is valuing the company more than the company is valuing itself.
Wipro to acquire Capco
Wipro Q4FY21 Result - In-line
Positives
- Revenues: +3% qoq … led by top-5 and top-10 clients, and by consumer & tech verticals
- EBIT %: -70 bps qoq (ahead of expectations, given wage hike impact quarter)
- Deal Wins: $1.4 bn large deal TCV
Outlook
- Q1FY22: 2-4% CC rev growth / few margin headwinds from wage revisions for senior mgmt & other investments
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Wipro Revenues By Segment for 2 years!
Quarterly Revenues in FY 21 have been lower than in FY 20.
Banking, Technology, Consumer Business & Healthcare Sectors seem to be generating most of their revenues (high percentages).
Most Revenue comes from Application, Cloud & Digital Revenue based services.
Let us know your views on the same in the comments!
(Disclaimer: Invested)
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Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a partnership with Transcell Oncologics to transform vaccine safety assessment using artificial intelligence. This alliance combines Transcell’s innovative stem cell technology with the advanced artificial intelligence capabilities of Wipro HOLMES®, enabling customers to improve the safety of global vaccine immunization programs.
Wipro announces opening of Innovation Centre in London
Tech leader to invest £16million over the next four years in new hub
London, United Kingdom and Bangalore, India – May 4, 2021: Wipro Limited (NYSE: WIT,
BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business
process services company, today announced the setting up of an Innovation Centre in Holborn,
London.
Wipro will invest £16million over the next four years in the 20,000 sq. ft. Innovation Centre which
will serve as Wipro’s flagship centre in the United Kingdom and offer technology expertise to
companies in the UK and globally. It will be integral to providing advanced digital, cyber security
and cloud expertise to both established and upcoming enterprises, taking the lead on digital
transformation in one of Europe’s biggest technology markets.
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Wipro appoints Zurich Insurance CEO Tulsi Naidu as independent director
June 2, 2021 [ Investment ]
US$ 1.2 Million stake purchase Squadcast, Inc. (https://www.squadcast.com/) is a Company incorporated in 2018 in Delaware, US. It offers an incident response platform that help Software engineers do on-call scheduling and incident management, the SRE way. The company’s platform records centralized alerts, notification rules, escalations, schedules, run-books, post-mortems, service ownership data and more, enabling businesses to improve mean-time-to-resolution and minimize downtime.
June 2, 2021 [Stake Sale ]
In March 2018, Wipro acquired 33.33% stake in Denim Group, Ltd. and Denim Group
Management, LLC (Denim Group), a leading independent application security firm, for a
consideration of US$ 8.83 million. As part of recently announced acquisition of Denim Group by Coalfire, Wipro has sold its entire stake in Denim Group for a consideration of US$ 22.42 million. Consequent to the sale, Wipro does not hold any stake in Denim Group.
$13.59 Million gain
May 30, 2021 [Sold stake in Ensono to KKR ]
In March 2018, Wipro and Ensono, a leading hybrid IT services provider, had signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of this agreement, Wipro had made a strategic investment of US$ 55 million for a 10.2% stake in Ensono’s combined entity, Ensono Holdings, LLC. As part of recently announced acquisition of Ensono by KKR, Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of US$ 76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC.
$21.24 Million gain
Awards
- Wipro wins SAP® Innovation Award 2021 in the Partner Paragon category
Hiring designer clothes is very popular in western world - Link to the Brochure
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why has there been a 20 percent correction in wipro so far ?
Help required
It is very difficult to answer why stock has fallen X% or rises X%. One can hazard a guess,
A) General market meltdown, all big caps and peers of Wipro have fallen.
B) All IT services stock were trading way above their long term average valuations, so market is correcting it.
C) There can be Industry/Company specific news also, which we are not aware of, though the possibility looks remote as of now.
Disc. Holding, No transactions in the last 30 days
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Net profit margin decrease in every quarter
Hi All, Any Idea why company like Wipro with so much of reserves shows Borrowings on Books.? 
Feferring to highlighted part
Since July this year, there isn’t any post here on Wipro thread.
Yesterday company announced 2 developments [after-market hours]
Launch of Data Intelligence Suite
Wipro launches Wipro Data Intelligence Suite
Company to Support New AWS Cybersecurity Data Lake Service
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Wipro is investing 1 billion in AI