What Should You Know About Wipro (WIT) Before Investing?

Shares of Technology sector company Wipro moved 1.6% today, and are now trading at a price of $4.66. The large-cap stock's daily volume was 411,403 compared to its average volume of 2,877,048. The S&P 500 index returned a 0.1% performance.

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. The company is based in Bengaluru and has 259,179 full time employees. Its market capitalization is $25,911,592,960. Wipro currently offers its equity investors a dividend that yields 109.2% per year.

3 analysts are following Wipro and have set target prices ranging from $4 to $4.65 per share. On average, they have given the company a rating of sell. At today's prices, WIT is trading 6.28% away from its average analyst target price of $4.38 per share.

Over the last year, WIT shares have gone down by -52.7%, which represents a difference of -32.6% when compared to the S&P 500. The stock's 52 week high is $9.86 per share and its 52 week low is $4.38. With average free cash flows of $97,324,500,000 that have been growing at an average rate of 6.4% over the last four years, Wipro declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2022-03-31 110,797 -20,153 90,644 -29.17
2021-03-31 147,550 -19,577 127,973 65.88
2020-03-31 100,643 -23,497 77,146 -17.52
2019-03-31 116,316 -22,781 93,535 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.