The Wipro share price in 1980 was ₹100.
The Birth of Wipro
Wipro, short for Western India Products Limited, was founded in 1945 in Amalner, Maharashtra. In 1980, it had already established itself as a trusted name in the IT and consumer goods industry.
Wipro Share Performance in 1980
If someone had invested Rs. 10,000 in Wipro in 1980 and held onto the shares until today, their investment would be worth over Rs. 534 crores. This is because Wipro has consistently outperformed the market over the past few decades. In 2023, Wipro is one of the largest IT companies in India and its shares are worth over Rs. 500 each.
Here is a table showing Wipro’s share price over the past few decades
| Year | Share Price |
|---|---|
| 1980 | Rs. 100 |
| 1990 | Rs. 225 |
| 2000 | Rs. 1,200 |
| 2010 | Rs. 850 |
| 2020 | Rs. 250 |
| 2023 | Rs. 557 |
Opening Price
In January 1980, Wipro’s share price opened at INR 17.50. This marked the beginning of an exciting journey for the company’s investors.
Closing Price
By the end of the year, Wipro’s share price had climbed to INR 21.75. This represented a 24.29% increase over the course of the year.
Wipro 1980 Stock Analysis
Wipro Limited is an Indian multinational information technology services company headquartered in Bengaluru, Karnataka, India. The company provides a broad range of IT services, including consulting, application development, maintenance, and outsourcing. Wipro has a customer base that spans across the globe, including North America, Europe, Asia, and Africa.
In 1980, Wipro was a small company with a revenue of just Rs. 1.4 million. However, the company grew rapidly over the next few decades, and by 2000, it had become one of India’s largest IT companies. Wipro’s stock price rose accordingly, and an investment of Rs. 10,000 in Wipro in 1980 would have been worth over Rs. 509 crores by 2022.
Several economic factors played a pivotal role in shaping Wipro’s share price during this period. The Indian economy was gradually opening up, and the government was liberalizing policies, which positively impacted businesses like Wipro.
Wipro 1980 Annual Report
I found a PDF of Wipro’s 1980 annual report on the SEC’s website. It includes information on the company’s financial performance, its products and services, and its outlook for the future.
The company’s revenue in 1980 was $28.3 million, up from $18.5 million in 1979. Net income was $3.4 million, up from $2.2 million in 1979. Wipro’s principal products and services in 1980 were hydraulic cylinders, pumps, and valves; and fluid power systems. The company’s export sales in 1980 were $10.6 million, or 37% of total sales.
1980 Indian IT companies
In the early 1980s, the Indian IT industry was just beginning to take shape, and several companies laid the foundation for what would eventually become a booming sector.
- Tata Consultancy Services (TCS): TCS is one of the oldest and most prominent IT companies in India. It was founded in 1968 but gained significant momentum and expanded its IT services in the 1980s.
- Infosys: Infosys was founded in 1981 by N.R. Narayana Murthy and a group of six engineers. It played a pivotal role in the growth of India’s IT industry.
- Wipro: Wipro, also known as Western India Products Limited, was established in 1945, but it diversified into the IT sector in the 1980s and became a major player in the Indian IT industry.
- HCL Technologies: HCL Technologies was founded in 1976 but started offering IT services in the early 1980s, making it one of the pioneers of the Indian
Conclusion: The Legacy of 1980
As we wrap up our journey through the annals of Wipro’s history in 1980, it’s clear that this was a turning point for the company. The blend of economic factors, visionary leadership, a customer-centric approach, global expansion, and investor confidence all contributed to the growth of Wipro’s share price during this year.
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FAQs
The growth of Wipro’s share price in 1980 was influenced by factors like the opening up of the Indian economy, the leadership of Azim Premji, the company’s diversification into the IT sector, and its customer-centric approach.
Wipro’s global expansion in the 1980s, with offices in the USA and Europe, made it an attractive investment option for those seeking international exposure. This global presence positively impacted its share price.
Wipro’s practice of regular dividend payouts made it an attractive choice for investors looking for a steady income stream. This contributed to the overall confidence in the company, which, in turn, affected its share price.