Wipro Share Price Target 2024: Following the news of Thierry Delaporte’s departure as CEO and the appointment of Srinivas Pallia as the new CEO, effective immediately, Wipro’s shares saw a decrease of more than 1% on Monday. The stock dropped 1.40 per cent to Rs 478.40 on the BSE and 1.41 per cent to Rs 478.20 on the NSE.
Wipro’s stock performance
Over the last 12 months, the IT stock has fluctuated a lot, hitting highs and lows. 16 February 2024. The stock recorded a low of Rs 361 per share and a 52-week high of Rs 543 per share.
Target Share Price for Wipro by 2024
amid the expanding IT sector and shifts in senior leadership positions. Is this a suitable moment for interested investors to ‘BUY’? This is what brokerages had to say.
The Wipro share price objective has been reduced to $415 per share by Bank of America, which has labeled the IT company as a “underperformer.”
Wipro Stock Falls After CEO Steps Down
In comparison to its industry counterparts, Wipro has been facing performance issues, as seen by a muted report card and vague forecast. Significant senior-level departures were also experienced by the firm last year, including Chief Growth Officer Stephanie Trautman and CFO Jatin Dalal.