If You Invest ₹10,000 In Wipro Today, Here's How Much You'd Have If Stock Hits All-Time High

Shares of IT giants have been under pressure over the last year but the Q3 earnings season has brought in some relief for the companies. Wipro‘s share price surged 10% today to hit a new 52-week high of ₹529.

The Investment: Investing ₹10,000 in Wipro today, with the current market price at around ₹500, would get you around 20 shares of the company. Now if the Wipro share price surges back to its all-time high of ₹739.84 your ₹10,000 investment today would be worth around ₹14,800.

Q3 Earnings Review: The IT services giant reported a net profit of ₹2,694 crore for the third quarter of the current financial year, representing a 12% year-on-year decline. This marks the fourth consecutive quarter of declining profits for the company. The consolidated revenue for the quarter was ₹22,205 crore, reflecting a 4.4% YoY decrease, slightly below street estimates of around ₹22,500 crore.

Here is how analysts reacted to the company’s December quarter results:

Analyst FirmRatingTarget Price (₹)
BofAUnderperform₹395
JefferiesUnderperform₹470
NomuraReduce₹410
Morgan StanleyUnderweight₹460
Kotak SecuritiesReduce₹430

Price Action: Wipro’s share price was up 6.69% to trade at ₹496.60 on Monday afternoon.

Read Next: HCL Tech Share Price Jumps As Earnings Rally Continues: Here’s What Analysts Say

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

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