How to Buy Wipro Stock
Wipro Ltd
Wipro is a information technology service company located in India, which is part of the Technology sector, and is traded under the ticker WIT on the NYSE exchange.
Wipro stock last closed at $2.86, down 0.35% from the previous day, and has increased 6.12% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.04 percentage points. Wipro stock is currently +12.38% from its 52-week low of $2.55, and -24.54% from its 52-week high of $3.79.
There are currently 10.47B WIT shares outstanding. The market capitalization of WIT is $29.95B. In the past 24 hours, 5.66M WIT shares were traded.
How to Buy Wipro Stock
Not sure how to invest in Wipro stock? Here's how.
- Figure out where to buy Wipro stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Wipro stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Evaluate Wipro stock: The Wipro ticker symbol is WIT. Is Wipro stock a good investment? Should you buy shares of WIT? How do WIT's underlying business fundamentals look? Do top analysts think Wipro is a good buy? Why has WIT's stock price moved recently? (Hint: Our stock research tools can help you figure out if WIT is a good stock to buy).
- Place your WIT trade: Decide if you will purchase WIT shares at the current market price or use a limit order to buy WIT shares at a given price.
- Get the latest news on your WIT position: Create a watchlist to key updates about your position in Wipro stock.
Step 1: Figure out where to buy Wipro stock
You will need a brokerage account to access the NYSE market and buy WIT shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you are able to invest in WIT today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on apps for stock market, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Evaluate Wipro stock
Once you have chosen the best place to buy Wipro stock, it's absolutely critical to research their stock before you invest, so you can understand the risk and upside.
Wipro stock at a glance
Wipro Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on WIT's stock page.
What is the fair value of WIT stock?
Analysts use many financial metrics, analyses, models, and charts to gauge WIT's true value.
Using relative valuations measures:
- WIT may be undervalued based on its P/E ratio of 19.32x, relative to Information Technology Services industry P/E ratio of 26.41x
- WIT could be undervalued based on its P/B ratio of 3.08x, relative to Information Technology Services industry P/B ratio of 4.84x
- WIT could be overvalued based on its PEG ratio of 8.16x
You can do more valuation analysis on WIT's stock here.
Is WIT a healthy company?
Signs that WIT is financially healthy:
- WIT profit margin has gone up from 12.3% to 14.7% in the past year.
- There are more short-term assets than long-term liabilities on the WIT balance sheet.
- WIT earnings of $2.22B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the WIT balance sheet.
- WIT's operating cash flow of $1.99B allows it to safely service it's debt of $2.39B.
Signs that WIT is not financially healthy:
- WIT has a relatively high debt to equity ratio of 0.55.
- Total WIT debt is higher than 5 years ago, relative to shareholder equity.
You can dig deeper into what analysts are saying on the Wipro stock forecast page.
WIT Momentum
WIT Performance Numbers
Last year, WIT earnings were $1.54B. Over the past five year, WIT's earnings have increased by 5.78% per year. This was slower than the Information Technology Services industry average of 7.97%.
Last year, WIT revenue was $10.46B. Over the past 5 year, WIT's revenue has grown by 5.19% per year. This was faster than the Information Technology Services industry average of 4.64%.
You can research WIT's earnings and revenue performance here.
Are WIT insiders buying or selling the stock?
In the past year, executives and large shareholders at WIT have not bought or sold any shares.
Research more about who owns WIT shares here.
Can I rely on WIT as an income stream?
No, Wipro doesn't provide an income stream by paying out dividends.
What others are saying about WIT
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your WIT trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional help investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your WIT position
Now that you own some shares in WIT, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to monitor your WIT stock.
WIT Feed
How to Buy Stock in Wipro
To reiterate, here are the 6 steps for buying Wipro stock:
- Figure out where to buy Wipro stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Wipro stock
- Place your WIT trade
- Get the latest news on your WIT position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Wipro, hit the button below to create your watchlist.
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