Moneycontrol PRO
Upcoming Event:Join us for the exciting discussion with Danone on role of nutrition, protein in working professionals’ quality of life on July 31, 3pm.

Neutral Wipro; target of Rs 500: Motilal Oswal

Motilal Oswal recommended Neutral rating on Wipro with a target price of Rs 500 in its research report dated June 24, 2021.

June 25, 2021 / 02:25 PM IST
  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on Wipro

WPRO appointed Mr. Thierry Delaporte as CEO in FY21 on completion of Mr. Abidali Neemuchwala’s five-year term. With the change in CEO, it also embarked on further simplification of the organization structure. - The company has reorganized the IT Services segment from seven industry verticals to four SMUs – Americas 1, Americas 2, Europe, and APMEA. Americas 1 and 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries. WPRO is undertaking a drastic restructuring of its business, reducing layers, and splitting the business by region. It expects this to result in a much more agile and nimble organization, which will accelerate growth.


We maintain our Neutral stance as we await: a) further evidence of execution of WPRO’s refreshed strategy, and b) successful turnaround from its growth struggles over the last decade before turning more constructive on the stock. Our TP implies 21x FY23E EPS.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jun 25, 2021 02:25 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark