Wipro's Valuation Upside Depends on Revenue Growth Pick-Up -- Market Talk

Dow Jones

Jan 20, 2025

0720 GMT - Wipro's valuation upside remains capped unless its revenue growth shows a pick up, analysts at Jefferies write in a note. Revenue growth pick up is expected to be gradual, with mixed growth seen across its verticals, they write. Wipro's raising its committed payout ratio to 70% or above of net income in a 3-year block, up from 45%-50%, should allay merger and acquisition-related spending concerns, support its current valuation and limit downside risks, Jefferies adds. Wipro's 3Q FY25 results beat market expectations, with the sharp margin expansion being the key positive surprise, Jefferies adds. It upgrades Wipro's rating to hold from underperform and increases target price to INR300 from INR260. Shares are 6.1% higher at INR299.00. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

January 20, 2025 02:20 ET (07:20 GMT)

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Revenue growth pick up is expected to be gradual, with mixed growth seen across its verticals, they write. Wipro's raising its committed payout ratio to 70% or above of net income in a 3-year block, up from 45%-50%, should allay merger and acquisition-related spending concerns, support its current valuation and limit downside risks, Jefferies adds. Wipro's 3Q FY25 results beat market expectations, with the sharp margin expansion being the key positive surprise, Jefferies adds. It upgrades Wipro's rating to hold from underperform and increases target price to INR300 from INR260. Shares are 6.1% higher at INR299.00. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 02:20 ET (07:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wipro's Valuation Upside Depends on Revenue Growth Pick-Up -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWipro's Valuation Upside Depends on Revenue Growth Pick-Up -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-20 15:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0720 GMT - Wipro's valuation upside remains capped unless its revenue growth shows a pick up, analysts at Jefferies write in a note. Revenue growth pick up is expected to be gradual, with mixed growth seen across its verticals, they write. Wipro's raising its committed payout ratio to 70% or above of net income in a 3-year block, up from 45%-50%, should allay merger and acquisition-related spending concerns, support its current valuation and limit downside risks, Jefferies adds. Wipro's 3Q FY25 results beat market expectations, with the sharp margin expansion being the key positive surprise, Jefferies adds. It upgrades Wipro's rating to hold from underperform and increases target price to INR300 from INR260. Shares are 6.1% higher at INR299.00. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 02:20 ET (07:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WIT","symbol_name":"Wipro Limited","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504244364","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504244364","pubTimestamp":1737357600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0720 GMT - Wipro's valuation upside remains capped unless its revenue growth shows a pick up, analysts at Jefferies write in a note. Revenue growth pick up is expected to be gradual, with mixed growth seen across its verticals, they write. Wipro's raising its committed payout ratio to 70% or above of net income in a 3-year block, up from 45%-50%, should allay merger and acquisition-related spending concerns, support its current valuation and limit downside risks, Jefferies adds. Wipro's 3Q FY25 results beat market expectations, with the sharp margin expansion being the key positive surprise, Jefferies adds. It upgrades Wipro's rating to hold from underperform and increases target price to INR300 from INR260. Shares are 6.1% higher at INR299.00. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WIT":"Wipro Limited"},"translate_title":"Wipro的估值上升取决于收入增长的回升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WIT":0.9},"content_text":"0720 GMT - Wipro's valuation upside remains capped unless its revenue growth shows a pick up, analysts at Jefferies write in a note. Revenue growth pick up is expected to be gradual, with mixed growth seen across its verticals, they write. Wipro's raising its committed payout ratio to 70% or above of net income in a 3-year block, up from 45%-50%, should allay merger and acquisition-related spending concerns, support its current valuation and limit downside risks, Jefferies adds. Wipro's 3Q FY25 results beat market expectations, with the sharp margin expansion being the key positive surprise, Jefferies adds. It upgrades Wipro's rating to hold from underperform and increases target price to INR300 from INR260. Shares are 6.1% higher at INR299.00. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2025 02:20 ET (07:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}