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Reduce Wipro; target of Rs 252: Choice Equity Broking

Choice Equity Broking recommended reduce rating on Wipro with a target price of Rs 252 in its research report dated April 17, 2025.

April 17, 2025 / 14:21 IST
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    Choice Equity Broking's report on Wipro

    Revenue for Q4FY25 came at INR 225.0Bn, up 1.3% YoY and up 0.8% QoQ (vs Consensus est. at INR 226.8Bn). EBIT for Q4FY25 came at INR 38.8Bn, up 9.5% YoY and 0.8% QoQ (vs consensus est. at INR 39.2Bn). EBIT margin was up 128bps YoY and flat QoQ to 17.3% (vs consensus est. at 17.2%). PAT for Q4FY25 came at INR 35.8Bn, up 25.5% YoY and 6.6% QoQ (vs consensus est. at INR 33.6Bn).

    Outlook

    The company’s success hinges on leveraging its AI and consulting strengths and improving performance in key markets. Consequently, we’ve downgraded our rating to REDUCE and lowered the target price to INR 252 implying a PE of 19x (earlier 21x), based on FY27E EPS of INR13.3.

    For all recommendations report, click here

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

    Wipro - 17042025 - choice

    Broker Research
    first published: Apr 17, 2025 02:01 pm

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