Why did Wipro share price down?

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Why Wipro share is falling down?

Wipro share fell 4% in trade today after the firm inked a definitive agreement to acquire London-headquartered management and technology consultancy company Capco for $1.45 billion. The share fell 4% to Rs 421.3 against previous close of Rs 438.85 on BSE.

What is the current situation of Wipro?

Wipro crosses $10 billion annualised revenue run rate milestone in Q2. The Bengaluru-based company’s second quarter profits were up by 17.9% to Rs 2,930 crore and revenue by 30.1% to Rs 19,667 crore on the back of strong demand environment across all sectors and business lines, the company said.

Can we buy Wipro share?

Unveiling important numbers in regard to Wipro share price Ravi Singhal, Vice Chairman at GCL securities said, “One can buy Wipro shares at around ₹500 for the target of ₹700 keeping strict stop loss at ₹444.” Currently, Wipro share price is trading at ₹498.40 (9:32 AM) at NSE and one can buy Wipro stocks at the

Is Wipro share overvalued?

Price to Book Ratio

PB vs Industry: 507685 is overvalued based on its PB Ratio (5.7x) compared to the IN IT industry average (2.3x).

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Is Wipro a blue chip company?

However, being new to investing, most of them are simply confused and are not able to understand what other means when they say blue chip companies.

Other Popular Best Blue Chip Companies in India.

Company Wipro Ltd.
Industry IT – Software
Market Cap (Rs Cr) 229876.08
Avg Return On Equity 3 Yr 17.45

Is Wipro a good company?

Its really a good company.. … I have worked for TCS CTS SATYAM, I suggest WIPRO is the best place for employees. Employee caring is best in WIPRO. Ofcourse work loader and presure is there.

Why should I join Wipro?

An inspiring combination of growth prospects, continuous innovation, fair play, and a great work culture makes Wipro an exhilarating workplace. All Wiproites can expect a bouquet of benefits as they walk in to discover a career for life.

Is Wipro giving hike this year?

IT services major Wipro Ltd will be rolling out a second salary hike of the year for its employees from 1 September, 2021, as announced earlier. “Wipro Limited will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant Manager and below), effective September 1, 2021.

Which is better TCS or Wipro?

Tata Consultancy Services (TCS) is most highly rated for Job security and advancement and Wipro is most highly rated for Job security and advancement.

Overall Rating
3.4 3.2
Job security and advancement
4.1 3.7

What is the target of Wipro share?

with a target price of Rs 743. The current market price of Wipro Ltd. is Rs 642.7.

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What happens if you invest 10000 in Wipro in 1980?

Wipro stock price in 1980 stands around 100 rupees but now 420 rupees. Invest 10,000 rupees in Wipro buy 100 shares of Wipro company. Now Wipro share price is 420 Rupees 420×19200000 =8,064,000,000.