Indian Market: Wipro Ltd Stock Price Key Highlights

Wipro Ltd 52-Week High and Low

• 52-Week High: 637.15
• 52-Week Low: 406.75

Wipro Ltd Stock Price Analysis

• Wipro Ltd stock price is currently trading at Rs 5597.00 (as on July 22, 2024).
• Wipro Ltd's market cap is Rs 3,07,209.18 Cr.
• Wipro Ltd is a provider of information technology, consulting, and business process services.
• The company offers a range of services, including application development and maintenance, infrastructure management, business process outsourcing, and consulting.
• Wipro Ltd has a strong presence in India and also has operations in over 60 countries.

Why Wipro Share Price is Down?

Wipro's share price has been under pressure in recent months due to a number of factors, including:

• The global economic slowdown has led to a decline in demand for IT services.
• Wipro has been facing increased competition from both domestic and international players.
• The company has been making significant investments in new technologies, which has led to higher costs.
• Wipro has also been impacted by the rupee's appreciation against the US dollar.

Is Wipro Share Price Undervalued or Overvalued?

Wipro's share price is currently trading at a price-to-earnings (P/E) ratio of 22.4. This is higher than the industry average P/E ratio of 20.6. However, Wipro's P/E ratio is lower than its historical average of 24.1. Based on these factors, it is difficult to say whether Wipro's share price is undervalued or overvalued. However, the company's strong fundamentals and long-term growth prospects make it a good investment for long-term investors.