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Wipro Limited – Consensus Indicates Potential -35.1% Downside

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Wipro Limited found using ticker (WIT) have now 4 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 6.6 and 4.29 calculating the average target price we see 5.35. Given that the stocks previous close was at 8.24 this indicates there is a potential downside of -35.1%. There is a 50 day moving average of 7.63 and the 200 moving average now moves to 6.56. The market cap for the company is $41,450m. Find out more information at: http://www.wipro.com

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. Wipro Limited was incorporated in 1945 and is based in Bengaluru, India.

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