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Wipro Limited
Buy, Hold or Sell?

Let's analyze Wipro together

I guess you are interested in Wipro Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Wipro Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Wipro (30 sec.)










What can you expect buying and holding a share of Wipro? (30 sec.)

How much money do you get?

How much money do you get?
INR0.27
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR137.22
Expected worth in 1 year
INR223.65
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
INR109.49
Return On Investment
19.1%

For what price can you sell your share?

Current Price per Share
INR573.20
Expected price per share
INR475.70 - INR
How sure are you?
50%
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1. Valuation of Wipro (5 min.)




Live pricePrice per Share (EOD)

INR573.20

Intrinsic Value Per Share

INR199.95 - INR268.42

Total Value Per Share

INR337.17 - INR405.64

2. Growth of Wipro (5 min.)




Is Wipro growing?

Current yearPrevious yearGrowGrow %
How rich?$9.2b$7.8b$1.4b15.7%

How much money is Wipro making?

Current yearPrevious yearGrowGrow %
Making money$1.3b$1.4b-$103.4m-7.7%
Net Profit Margin12.5%15.4%--

How much money comes from the company's main activities?

3. Financial Health of Wipro (5 min.)




4. Comparing to competitors in the Other industry (5 min.)




  Industry Rankings (Other)  


Richest
#34 / 386

Most Revenue
#22 / 386

Most Profit
#16 / 386
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What can you expect buying and holding a share of Wipro? (5 min.)

Welcome investor! Wipro's management wants to use your money to grow the business. In return you get a share of Wipro.

What can you expect buying and holding a share of Wipro?

First you should know what it really means to hold a share of Wipro. And how you can make/lose money.

Speculation

The Price per Share of Wipro is INR573.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Wipro.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Wipro, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR137.22. Based on the TTM, the Book Value Change Per Share is INR21.61 per quarter. Based on the YOY, the Book Value Change Per Share is INR18.46 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR5.76 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Wipro.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.240.0%0.240.0%0.260.0%0.220.0%0.200.0%
Usd Book Value Change Per Share0.260.0%0.260.0%0.220.0%0.120.0%0.160.0%
Usd Dividend Per Share0.070.0%0.070.0%0.010.0%0.020.0%0.030.0%
Usd Total Gains Per Share0.330.1%0.330.1%0.230.0%0.150.0%0.200.0%
Usd Price Per Share4.35-4.35-7.04-4.34-5.18-
Price to Earnings Ratio18.32-18.32-27.58-19.07-26.69-
Price-to-Total Gains Ratio13.35-13.35-30.49-383.26-199.38-
Price to Book Ratio2.66-2.66-5.12-3.32-5.01-
Price-to-Total Gains Ratio13.35-13.35-30.49-383.26-199.38-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.82108
Number of shares146
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.02
Usd Book Value Change Per Share0.260.12
Usd Total Gains Per Share0.330.15
Gains per Quarter (146 shares)47.5621.62
Gains per Year (146 shares)190.2286.50
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
140150180147376
28030037027146162
312045056041218248
416060175055291334
520075194068364420
6240901113082437506
72801051132096510592
832012011510109583678
936113511700123655764
1040115021890137728850

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%7.03.00.070.0%7.03.00.070.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%8.02.00.080.0%8.02.00.080.0%
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Fundamentals of Wipro

About Wipro Limited

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. It operates in three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry verticals, such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. The company has research collaboration agreements with the University of Texas at Austin; Tel Aviv University, Israel; Swinburne University, Melbourne; IIT Kharagpur; IIT Madras; IISc Bangalore; and University of Agricultural Sciences, Bangalore; and strategic relationship with Amazon Web Services in the area of DevOps. Wipro Limited was founded in 1945 and is based in Bengaluru, India.

Fundamental data was last updated by Penke on 2024-07-15 02:19:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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1.1. Profitability of Wipro Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Wipro earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Wipro to the¬†Other industry mean.
  • A Net Profit Margin of 12.5%¬†means that¬†₹0.13 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Wipro Limited:

  • The MRQ is 12.5%. The company is making a huge profit. +2
  • The TTM is 12.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.5%TTM12.5%0.0%
TTM12.5%YOY15.4%-2.9%
TTM12.5%5Y15.3%-2.8%
5Y15.3%10Y16.1%-0.7%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ12.5%5.6%+6.9%
TTM12.5%5.2%+7.3%
YOY15.4%5.8%+9.6%
5Y15.3%6.0%+9.3%
10Y16.1%6.1%+10.0%
1.1.2. Return on Assets

Shows how efficient Wipro is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Wipro to the¬†Other industry mean.
  • 9.7% Return on Assets means that¬†Wipro generated¬†₹0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Wipro Limited:

  • The MRQ is 9.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 9.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ9.7%TTM9.7%0.0%
TTM9.7%YOY11.3%-1.7%
TTM9.7%5Y11.3%-1.7%
5Y11.3%10Y12.0%-0.7%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ9.7%1.1%+8.6%
TTM9.7%1.0%+8.7%
YOY11.3%1.4%+9.9%
5Y11.3%1.2%+10.1%
10Y12.0%1.3%+10.7%
1.1.3. Return on Equity

Shows how efficient Wipro is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Wipro to the¬†Other industry mean.
  • 14.5% Return on Equity means Wipro generated ₹0.15¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Wipro Limited:

  • The MRQ is 14.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 14.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ14.5%TTM14.5%0.0%
TTM14.5%YOY18.6%-4.0%
TTM14.5%5Y17.2%-2.7%
5Y17.2%10Y18.2%-1.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ14.5%3.5%+11.0%
TTM14.5%3.2%+11.3%
YOY18.6%4.6%+14.0%
5Y17.2%3.7%+13.5%
10Y18.2%3.7%+14.5%
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1.2. Operating Efficiency of Wipro Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Wipro is operating .

  • Measures how much profit Wipro makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Wipro to the¬†Other industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Wipro Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y9.7%-9.7%
5Y9.7%10Y14.5%-4.9%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.5%-8.5%
TTM-9.5%-9.5%
YOY-8.1%-8.1%
5Y9.7%5.2%+4.5%
10Y14.5%6.8%+7.7%
1.2.2. Operating Ratio

Measures how efficient Wipro is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Other industry mean).
  • An Operation Ratio of 0.71 means that the operating costs are ₹0.71 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Wipro Limited:

  • The MRQ is 0.713. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.713. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.713TTM0.7130.000
TTM0.713YOY0.703+0.010
TTM0.7135Y1.037-0.323
5Y1.03710Y1.277-0.241
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7131.231-0.518
TTM0.7131.253-0.540
YOY0.7031.242-0.539
5Y1.0371.269-0.232
10Y1.2771.363-0.086
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1.3. Liquidity of Wipro Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Wipro is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Other industry mean).
  • A Current Ratio of 2.47¬†means the company has ₹2.47 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Wipro Limited:

  • The MRQ is 2.469. The company is able to pay all its short-term debts. +1
  • The TTM is 2.469. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.469TTM2.4690.000
TTM2.469YOY2.013+0.456
TTM2.4695Y2.365+0.104
5Y2.36510Y2.411-0.046
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4691.422+1.047
TTM2.4691.492+0.977
YOY2.0131.553+0.460
5Y2.3651.542+0.823
10Y2.4111.498+0.913
1.3.2. Quick Ratio

Measures if Wipro is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Wipro to the¬†Other industry mean.
  • A Quick Ratio of 3.44¬†means the company can pay off ₹3.44 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Wipro Limited:

  • The MRQ is 3.438. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.438. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.438TTM3.4380.000
TTM3.438YOY2.538+0.900
TTM3.4385Y3.086+0.351
5Y3.08610Y2.709+0.378
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4380.566+2.872
TTM3.4380.576+2.862
YOY2.5380.578+1.960
5Y3.0860.604+2.482
10Y2.7090.603+2.106
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1.4. Solvency of Wipro Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Wipro assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Wipro to Other industry mean.
  • A Debt to Asset Ratio of 0.34¬†means that Wipro assets are¬†financed with 33.6% credit (debt) and the remaining percentage (100% - 33.6%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Wipro Limited:

  • The MRQ is 0.336. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.336. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.336TTM0.3360.000
TTM0.336YOY0.390-0.054
TTM0.3365Y0.339-0.004
5Y0.33910Y0.3390.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3360.527-0.191
TTM0.3360.525-0.189
YOY0.3900.552-0.162
5Y0.3390.559-0.220
10Y0.3390.565-0.226
1.4.2. Debt to Equity Ratio

Measures if Wipro is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Wipro to the¬†Other industry mean.
  • A Debt to Equity ratio of 50.5% means that company has ₹0.51 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Wipro Limited:

  • The MRQ is 0.505. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.505. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.505TTM0.5050.000
TTM0.505YOY0.640-0.134
TTM0.5055Y0.516-0.011
5Y0.51610Y0.5160.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5051.113-0.608
TTM0.5051.100-0.595
YOY0.6401.198-0.558
5Y0.5161.325-0.809
10Y0.5161.457-0.941
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2. Market Valuation of Wipro Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Wipro generates.

  • Above 15 is considered overpriced but¬†always compare¬†Wipro to the¬†Other industry mean.
  • A PE ratio of 18.32 means the investor is paying ₹18.32¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Wipro Limited:

  • The EOD is 28.749. Based on the earnings, the company is overpriced. -1
  • The MRQ is 18.322. Based on the earnings, the company is fair priced.
  • The TTM is 18.322. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD28.749MRQ18.322+10.427
MRQ18.322TTM18.3220.000
TTM18.322YOY27.580-9.258
TTM18.3225Y19.073-0.751
5Y19.07310Y26.685-7.612
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD28.74913.102+15.647
MRQ18.32211.844+6.478
TTM18.32210.829+7.493
YOY27.58011.339+16.241
5Y19.07312.036+7.037
10Y26.68512.689+13.996
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Wipro Limited:

  • The EOD is 28.186. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 17.963. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 17.963. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD28.186MRQ17.963+10.223
MRQ17.963TTM17.9630.000
TTM17.963YOY37.179-19.216
TTM17.9635Y20.716-2.753
5Y20.71610Y32.631-11.915
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD28.1865.359+22.827
MRQ17.9635.065+12.898
TTM17.9634.239+13.724
YOY37.1791.965+35.214
5Y20.7162.355+18.361
10Y32.6313.582+29.049
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Wipro is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Other industry mean).
  • A PB ratio of 2.66 means the investor is paying ₹2.66¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Wipro Limited:

  • The EOD is 4.177. Based on the equity, the company is fair priced.
  • The MRQ is 2.662. Based on the equity, the company is underpriced. +1
  • The TTM is 2.662. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.177MRQ2.662+1.515
MRQ2.662TTM2.6620.000
TTM2.662YOY5.120-2.458
TTM2.6625Y3.321-0.659
5Y3.32110Y5.014-1.693
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD4.1771.662+2.515
MRQ2.6621.382+1.280
TTM2.6621.357+1.305
YOY5.1201.400+3.720
5Y3.3211.567+1.754
10Y5.0141.654+3.360
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Wipro Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--21.60821.6080%18.456+17%10.478+106%13.722+57%
Book Value Per Share--137.223137.2230%115.615+19%109.544+25%93.821+46%
Current Ratio--2.4692.4690%2.013+23%2.365+4%2.411+2%
Debt To Asset Ratio--0.3360.3360%0.390-14%0.339-1%0.339-1%
Debt To Equity Ratio--0.5050.5050%0.640-21%0.516-2%0.516-2%
Dividend Per Share--5.7645.7640%0.960+500%1.969+193%2.772+108%
Eps--19.93819.9380%21.465-7%18.652+7%16.678+20%
Free Cash Flow Per Share--20.33620.3360%15.923+28%17.744+15%14.560+40%
Free Cash Flow To Equity Per Share--9.6429.6420%24.106-60%5.676+70%5.047+91%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--268.420--------
Intrinsic Value_10Y_min--199.950--------
Intrinsic Value_1Y_max--21.205--------
Intrinsic Value_1Y_min--18.510--------
Intrinsic Value_3Y_max--68.051--------
Intrinsic Value_3Y_min--57.267--------
Intrinsic Value_5Y_max--120.128--------
Intrinsic Value_5Y_min--97.536--------
Market Cap3263044286054.400+36%2079536074137.6002079536074137.6000%3370066673664.000-38%2075380417597.440+0%2478251394785.280-16%
Net Profit Margin--0.1250.1250%0.154-19%0.153-18%0.161-22%
Operating Margin----0%-0%0.097-100%0.145-100%
Operating Ratio--0.7130.7130%0.703+1%1.037-31%1.277-44%
Pb Ratio4.177+36%2.6622.6620%5.120-48%3.321-20%5.014-47%
Pe Ratio28.749+36%18.32218.3220%27.580-34%19.073-4%26.685-31%
Price Per Share573.200+36%365.300365.3000%592.000-38%364.570+0%435.340-16%
Price To Free Cash Flow Ratio28.186+36%17.96317.9630%37.179-52%20.716-13%32.631-45%
Price To Total Gains Ratio20.941+36%13.34613.3460%30.490-56%383.261-97%199.377-93%
Quick Ratio--3.4383.4380%2.538+35%3.086+11%2.709+27%
Return On Assets--0.0970.0970%0.113-15%0.113-15%0.120-20%
Return On Equity--0.1450.1450%0.186-22%0.172-15%0.182-20%
Total Gains Per Share--27.37227.3720%19.416+41%12.446+120%16.494+66%
Usd Book Value--9295851600.0009295851600.0000%7832080200.000+19%7420818580.000+25%6355691230.000+46%
Usd Book Value Change Per Share--0.2570.2570%0.220+17%0.125+106%0.163+57%
Usd Book Value Per Share--1.6331.6330%1.376+19%1.304+25%1.116+46%
Usd Dividend Per Share--0.0690.0690%0.011+500%0.023+193%0.033+108%
Usd Eps--0.2370.2370%0.255-7%0.222+7%0.198+20%
Usd Free Cash Flow--1377627300.0001377627300.0000%1078663600.000+28%1202054700.000+15%986337450.000+40%
Usd Free Cash Flow Per Share--0.2420.2420%0.189+28%0.211+15%0.173+40%
Usd Free Cash Flow To Equity Per Share--0.1150.1150%0.287-60%0.068+70%0.060+91%
Usd Market Cap38830227004.047+36%24746479282.23724746479282.2370%40103793416.602-38%24697026969.410+0%29491191597.945-16%
Usd Price Per Share6.821+36%4.3474.3470%7.045-38%4.338+0%5.181-16%
Usd Profit--1350650000.0001350650000.0000%1454072900.000-7%1263508680.000+7%1129824080.000+20%
Usd Revenue--10768024400.00010768024400.0000%9412114600.000+14%8356934460.000+29%7167087970.000+50%
Usd Total Gains Per Share--0.3260.3260%0.231+41%0.148+120%0.196+66%
 EOD+4 -4MRQTTM+0 -0YOY+21 -135Y+29 -610Y+27 -8

3.2. Fundamental Score

Let's check the fundamental score of Wipro Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.749
Price to Book Ratio (EOD)Between0-14.177
Net Profit Margin (MRQ)Greater than00.125
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than13.438
Current Ratio (MRQ)Greater than12.469
Debt to Asset Ratio (MRQ)Less than10.336
Debt to Equity Ratio (MRQ)Less than10.505
Return on Equity (MRQ)Greater than0.150.145
Return on Assets (MRQ)Greater than0.050.097
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Wipro Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.798
Ma 20Greater thanMa 50528.150
Ma 50Greater thanMa 100488.548
Ma 100Greater thanMa 200489.851
OpenGreater thanClose555.300
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets1,175,822,000
Total Liabilities394,658,000
Total Stockholder Equity781,164,000
 As reported
Total Liabilities 394,658,000
Total Stockholder Equity+ 781,164,000
Total Assets = 1,175,822,000

Assets

Total Assets1,175,822,000
Total Current Assets661,096,000
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 60,417,000
Short-term Investments 309,333,000
Net Receivables 209,866,000
Inventory 3,694,000
Other Current Assets 6,547,000
Total Current Assets  (as reported)661,096,000
Total Current Assets  (calculated)589,857,000
+/- 71,239,000
Long-term Assets
Property Plant Equipment 107,361,000
Goodwill 307,970,000
Intangible Assets 43,045,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)458,376,000
+/- 458,376,000

Liabilities & Shareholders' Equity

Total Current Liabilities267,753,000
Long-term Liabilities0
Total Stockholder Equity781,164,000
Total Current Liabilities
Short-term Debt 88,764,000
Total Current Liabilities  (as reported)267,753,000
Total Current Liabilities  (calculated)88,764,000
+/- 178,989,000
Long-term Liabilities
Long term Debt Total 77,225,000
Capital Lease Obligations Min Short Term Debt-88,764,000
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)-11,539,000
+/- 11,539,000
Total Stockholder Equity
Common Stock10,976,000
Retained Earnings 724,647,000
Capital Surplus 3,689,000
Other Stockholders Equity 41,852,000
Total Stockholder Equity (as reported)781,164,000
Total Stockholder Equity (calculated)781,164,000
+/-0
Other
Cash And Equivalents31,463,000
Cash and Short Term Investments 401,213,000
Common Stock Shares Outstanding 5,478,022
Liabilities and Stockholders Equity 1,175,822,000
Net Working Capital 393,343,000



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
502,304,000
600,033,000
724,003,000
793,516,000
760,640,000
833,171,000
817,062,000
831,434,000
1,079,182,000
1,175,822,000
1,175,822,0001,079,182,000831,434,000817,062,000833,171,000760,640,000793,516,000724,003,000600,033,000502,304,000
   > Total Current Assets 
354,686,000
436,492,000
502,825,000
538,898,000
506,156,000
571,906,000
519,851,000
523,186,000
620,752,000
661,096,000
661,096,000620,752,000523,186,000519,851,000571,906,000506,156,000538,898,000502,825,000436,492,000354,686,000
       Cash And Cash Equivalents 
114,201,000
158,940,000
35,528,000
24,902,000
21,625,000
116,563,000
110,412,000
68,842,000
61,882,000
60,417,000
60,417,00061,882,00068,842,000110,412,000116,563,00021,625,00024,902,00035,528,000158,940,000114,201,000
       Short-term Investments 
73,813,000
92,108,000
70,874,000
187,355,000
252,258,000
230,099,000
190,685,000
175,092,000
241,001,000
309,333,000
309,333,000241,001,000175,092,000190,685,000230,099,000252,258,000187,355,00070,874,00092,108,00073,813,000
       Net Receivables 
142,759,000
152,598,000
147,887,000
139,941,000
143,476,000
138,407,000
146,826,000
137,929,000
196,675,000
209,866,000
209,866,000196,675,000137,929,000146,826,000138,407,000143,476,000139,941,000147,887,000152,598,000142,759,000
       Inventory 
2,293,000
4,849,000
6,897,000
5,363,000
5,189,000
7,198,000
4,986,000
4,263,000
4,513,000
3,694,000
3,694,0004,513,0004,263,0004,986,0007,198,0005,189,0005,363,0006,897,0004,849,0002,293,000
       Other Current Assets 
14,266,000
16,672,000
12,414,000
17,148,000
35,471,000
10,479,000
5,214,000
6,274,000
5,784,000
6,547,000
6,547,0005,784,0006,274,0005,214,00010,479,00035,471,00017,148,00012,414,00016,672,00014,266,000
   > Long-term Assets 
0
0
0
254,618,000
254,484,000
261,265,000
297,211,000
0
0
0
000297,211,000261,265,000254,484,000254,618,000000
       Property Plant Equipment 
51,449,000
54,206,000
64,952,000
69,794,000
64,443,000
70,601,000
97,868,000
101,612,000
109,768,000
107,361,000
107,361,000109,768,000101,612,00097,868,00070,601,00064,443,00069,794,00064,952,00054,206,00051,449,000
       Goodwill 
63,422,000
68,078,000
101,991,000
125,796,000
117,584,000
116,980,000
131,012,000
139,127,000
246,989,000
307,970,000
307,970,000246,989,000139,127,000131,012,000116,980,000117,584,000125,796,000101,991,00068,078,00063,422,000
       Long Term Investments 
2,676,000
3,867,000
4,907,000
7,103,000
8,874,000
8,151,000
10,685,000
0
0
0
00010,685,0008,151,0008,874,0007,103,0004,907,0003,867,0002,676,000
       Intangible Assets 
1,936,000
7,931,000
15,841,000
15,922,000
18,113,000
13,762,000
16,362,000
13,085,000
43,555,000
43,045,000
43,045,00043,555,00013,085,00016,362,00013,762,00018,113,00015,922,00015,841,0007,931,0001,936,000
       Long-term Assets Other 
0
0
0
428,000
3,938,000
9,549,000
7,400,000
0
0
0
0007,400,0009,549,0003,938,000428,000000
> Total Liabilities 
157,418,000
190,405,000
258,831,000
273,212,000
277,704,000
265,055,000
259,604,000
278,339,000
421,024,000
394,658,000
394,658,000421,024,000278,339,000259,604,000265,055,000277,704,000273,212,000258,831,000190,405,000157,418,000
   > Total Current Liabilities 
136,152,000
164,029,000
218,561,000
229,543,000
213,507,000
214,350,000
216,393,000
230,040,000
308,329,000
267,753,000
267,753,000308,329,000230,040,000216,393,000214,350,000213,507,000229,543,000218,561,000164,029,000136,152,000
       Short-term Debt 
51,592,000
78,913,000
102,667,000
116,741,000
79,598,000
68,085,000
54,020,000
60,363,000
95,146,000
88,764,000
88,764,00095,146,00060,363,00054,020,00068,085,00079,598,000116,741,000102,667,00078,913,00051,592,000
       Short Long Term Debt 
51,592,000
78,913,000
125,221,000
142,412,000
92,991,000
71,099,000
73,202,000
0
0
0
00073,202,00071,099,00092,991,000142,412,000125,221,00078,913,00051,592,000
       Accounts payable 
17,615,000
18,845,000
23,447,000
23,452,000
68,129,000
28,527,000
27,053,000
0
0
0
00027,053,00028,527,00068,129,00023,452,00023,447,00018,845,00017,615,000
       Other Current Liabilities 
34,974,000
30,746,000
33,149,000
31,991,000
52,387,000
39,452,000
41,227,000
0
0
0
00041,227,00039,452,00052,387,00031,991,00033,149,00030,746,00034,974,000
   > Long-term Liabilities 
0
0
0
41,278,000
61,787,000
48,068,000
41,336,000
0
0
0
00041,336,00048,068,00061,787,00041,278,000000
       Long term Debt Total 
0
0
17,361,000
19,611,000
45,268,000
28,368,000
17,478,000
20,971,000
71,640,000
77,225,000
77,225,00071,640,00020,971,00017,478,00028,368,00045,268,00019,611,00017,361,00000
       Capital Lease Obligations 
0
0
0
0
0
0
19,198,000
0
0
0
00019,198,000000000
       Long-term Liabilities Other 
0
0
0
1,265,000
2,439,000
3,175,000
3,921,000
0
0
0
0003,921,0003,175,0002,439,0001,265,000000
       Deferred Long Term Liability 
3,711,000
4,445,000
3,807,000
3,175,000
0
4,212,000
4,335,000
0
0
0
0004,335,0004,212,00003,175,0003,807,0004,445,0003,711,000
> Total Stockholder Equity
343,499,000
407,982,000
465,172,000
520,304,000
482,936,000
568,116,000
557,458,000
553,095,000
658,158,000
781,164,000
781,164,000658,158,000553,095,000557,458,000568,116,000482,936,000520,304,000465,172,000407,982,000343,499,000
   Common Stock
4,932,000
4,937,000
4,941,000
4,861,000
9,048,000
12,068,000
11,427,000
10,958,000
10,964,000
10,976,000
10,976,00010,964,00010,958,00011,427,00012,068,0009,048,0004,861,0004,941,0004,937,0004,932,000
   Retained Earnings 
314,952,000
372,248,000
425,334,000
492,406,000
454,812,000
535,233,000
521,982,000
516,757,000
617,301,000
724,647,000
724,647,000617,301,000516,757,000521,982,000535,233,000454,812,000492,406,000425,334,000372,248,000314,952,000
   Capital Surplus 
0
0
14,642,000
469,000
800,000
533,000
1,275,000
714,000
1,566,000
3,689,000
3,689,0001,566,000714,0001,275,000533,000800,000469,00014,642,00000
   Treasury Stock0000000000
   Other Stockholders Equity 
10,951,000
16,766,000
18,026,000
19,013,000
16,504,000
17,665,000
21,224,000
24,666,000
28,327,000
41,852,000
41,852,00028,327,00024,666,00021,224,00017,665,00016,504,00019,013,00018,026,00016,766,00010,951,000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue904,876,000
Cost of Revenue-645,446,000
Gross Profit259,430,000259,430,000
 
Operating Income (+$)
Gross Profit259,430,000
Operating Expense-0
Operating Income139,606,000259,430,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative114,201,000
Selling And Marketing Expenses0
Operating Expense0114,201,000
 
Net Interest Income (+$)
Interest Income8,051,000
Interest Expense-4,472,000
Other Finance Cost-3,579,000
Net Interest Income0
 
Pretax Income (+$)
Operating Income139,606,000
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)147,657,000139,606,000
EBIT - interestExpense = -4,472,000
113,500,000
117,972,000
Interest Expense4,472,000
Earnings Before Interest and Taxes (EBIT)0152,129,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax147,657,000
Tax Provision-33,992,000
Net Income From Continuing Ops0113,665,000
Net Income113,500,000
Net Income Applicable To Common Shares113,500,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Wipro
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Wipro. The general trend of Wipro is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Wipro's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Wipro Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 548.70 > 546.10 > 475.70.

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Wipro Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Wipro Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Wipro Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Wipro Limited. The current macd is 21.61.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Wipro price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Wipro. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Wipro price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Wipro Limited Daily Moving Average Convergence/Divergence (MACD) ChartWipro Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Wipro Limited. The current adx is 43.87.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Wipro shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Wipro Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Wipro Limited. The current sar is 532.92.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Wipro Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Wipro Limited. The current rsi is 79.80. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Wipro Limited Daily Relative Strength Index (RSI) ChartWipro Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Wipro Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Wipro price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Wipro Limited Daily Stochastic Oscillator ChartWipro Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Wipro Limited. The current cci is 126.38.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Wipro Limited Daily Commodity Channel Index (CCI) ChartWipro Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Wipro Limited. The current cmo is 67.71.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Wipro Limited Daily Chande Momentum Oscillator (CMO) ChartWipro Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Wipro Limited. The current willr is -1.75438596.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Wipro Limited Daily Williams %R ChartWipro Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Wipro Limited.

Wipro Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Wipro Limited. The current atr is 12.70.

Wipro Limited Daily Average True Range (ATR) ChartWipro Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Wipro Limited. The current obv is 27,427,010.

Wipro Limited Daily On-Balance Volume (OBV) ChartWipro Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Wipro Limited. The current mfi is 76.79.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Wipro Limited Daily Money Flow Index (MFI) ChartWipro Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Wipro Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-01STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-02BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-05MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-18STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Wipro Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Wipro Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.798
Ma 20Greater thanMa 50528.150
Ma 50Greater thanMa 100488.548
Ma 100Greater thanMa 200489.851
OpenGreater thanClose555.300
Total3/5 (60.0%)
Penke

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