(WIT) Wipro - Ratings and Ratios

Wipro Limited ADR (NYSE:WIT) is a global leader in information technology, consulting, and business process services. The company operates through two main segments: IT Services and IT Products. The IT Services segment provides a comprehensive suite of offerings, including digital strategy, customer experience design, technology consulting, custom application development, cloud services, and business process management. This segment caters to diverse industries such as communications, retail, consumer goods, healthcare, banking, and energy. The IT Products segment offers a range of third-party IT solutions, including enterprise platforms, networking, and cybersecurity products, primarily serving the Indian market across sectors like government, education, and telecommunications. Headquartered in Bengaluru, India, Wipro was founded in 1945 and has established itself as a key player in the global IT services industry.

From a technical perspective, Wipros stock (NYSE:WIT) is currently trading at $2.70 with a 20-day average volume of 6,775,600 shares. The stocks short-term moving average (SMA 20) stands at $2.94, while the mid-term (SMA 50) and long-term (SMA 200) averages are $3.19 and $3.25, respectively. The Average True Range (ATR) is $0.11, indicating relatively low volatility. On the fundamental side, Wipro boasts a market capitalization of $30.2 billion, with a trailing P/E ratio of 19.50 and a forward P/E of 18.87. The price-to-book (P/B) ratio is 2.98, and the price-to-sales (P/S) ratio is 0.03. The companys return on equity (RoE) is 14.52%, reflecting efficient profitability.

3-Month Forecast: Based on the provided data, Wipros stock is expected to experience sideways to slightly bearish movement in the near term. The SMA 20 being below SMA 50 and SMA 200 suggests bearish momentum. However, the low ATR indicates that price fluctuations will likely remain muted. Fundamentally, while the P/E ratio is elevated, Wipros strong market position and consistent earnings could provide support. Overall, the stock may trade in a narrow range, with potential upside if the company delivers strong quarterly results or announces strategic initiatives.