Wipro Dividend: Shares To Trade Ex-Date Next Week; Check Record Date, Target Price – News18

Wipro Dividend: Shares To Trade Ex-Date Next Week; Check Record Date, Target Price – News18

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As the record date approaches, investors are weighing whether to buy, sell, or hold Wipro shares.

Wipro Q3 Dividend

Wipro To Trade Ex-Date On Tuesday: Wipro has declared an interim dividend for the fiscal year 2024-25 alongside its Q3 FY25 results. As the record date approaches, investors are weighing whether to buy, sell, or hold Wipro shares.

Wipro Q3 FY25 Results

Wipro reported a 24% year-on-year growth in consolidated net profit for Q3 FY25, amounting to Rs 3,354 crore. Revenue from operations grew modestly by 0.5% to Rs 22,319 crore. Sequentially, profit after tax (PAT) rose nearly 5%, and revenue showed a slight increase of 0.1%.

Wipro Dividend 2025

Wipro’s board has declared an interim dividend of Rs 6 per share (300% payout), based on the face value of Rs 2 per share.

Wipro Dividend Record Date

The company has set January 28 as the record date. Investors owning shares on or before this date will be eligible for the dividend. Those purchasing shares after this date will not qualify. The record date is crucial for identifying shareholders entitled to benefits such as dividends, stock splits, or bonus shares. In the T+1 settlement framework, shares must be in the demat account before the record date for eligibility.

Wipro Dividend Payment Date

Wipro plans to make the interim dividend payment on or before February 15, 2025. This is the date when eligible shareholders will receive the dividend via direct bank transfers.

Wipro Share Price Target 2025

Despite exceeding expectations in Q3, analysts have mixed views on Wipro’s outlook. Nuvama Research has a ‘buy’ rating with a target price of Rs 350, reflecting improved margins and a favorable revenue outlook. Nomura Research also maintains a ‘buy’ rating with a target price of Rs 340, citing an improved margin outlook. On the other hand, Motilal Oswal has a ‘neutral’ rating with a target of Rs 290, considering current valuations. Macquarie Research has an ‘outperform’ rating with a target of Rs 330, while Citi Research has a ‘sell’ rating with a target of Rs 280, reflecting concerns over gradual recovery.

Overall, Wipro’s dividend announcement and Q3 results have drawn mixed reactions from analysts, making it important for investors to evaluate the stock’s potential based on their investment goals.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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