Wipro Ltd: Grandpa’s IT Stock Trying Gen Z Moves?

1. At a Glance

With ₹2.7L Cr market cap and $2.7B in large deal wins this quarter, Wipro is still India’s OG IT samurai. But with growth slower than your internet during a storm, the real question is — is there magic left in the old wand?

2. Introduction with Hook

Picture an aging rockstar from the ’90s, now trying to drop a rap album. That’s Wipro in the era of GenAI and cloud transformation. While its peers are shredding charts with double-digit growth, Wipro’s 3Y sales CAGR is 4%, and PAT growth a sleepy 2%. Yet, it holds tight with a 2.3% dividend yield, rock-solid balance sheet, and the eternal optimism of someone who still thinks wearing Crocs is cool.

3. Business Model (WTF Do They Even Do?)

Wipro is a full-stack global IT services firm offering:

• Application development & maintenance
• Infrastructure & cloud services
• Business Process Services (BPS)
• Consulting & digital transformation
• Cybersecurity, IoT, Data & AI solutions

They serve BFSI, healthcare, consumer, energy, and manufacturing sectors globally. But let’s be honest: the model hasn’t changed much since Narayana Murthy was still coding.

4. Financials Overview

TL;DR: Profit healthy, margins strong, but topline growth barely keeping up with inflation.

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