Buy, Sell Or Hold: Wipro, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Britannia Industries — Analyst Forecast

Updated: 24 Sept 2026 • 3:33 pm

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Buy, Sell Or Hold: Wipro, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Britannia Industries — Analyst Forecast

ESG stocks are large, well-governed companies that consistently rank highly on environmental, social and governance benchmarks, spanning IT services, pharmaceuticals and consumer staples in this basket. This piece checks five such names on valuation and profitability rather than on their ESG scores alone.

Sector Snapshot (24 September 2026)

Stock	LTP (Rs)	52W High	52W Low	P/E vs Industry	ROE	Our View
Wipro	163.57	273.10	163.21	12.29 / 17.66	14.99%	Buy on Dips
Tech Mahindra	1,548.40	1,854.00	1,304.10	29.52 / 17.66	16.24%	Hold
Dr Reddy's Laboratories	1,202.10	1,414.90	1,101.00	31.73 / 38.33	11.07%	Buy on Dips
Cipla	1,399.70	1,673.00	1,165.70	33.22 / 38.33	11.27%	Buy on Dips
Britannia Industries	4,890.00	6,271.00	4,905.00	45.56 / 35.33	49.61%	Hold

Quick Answer

Wipro is the standout among these ESG stocks, trading right at its 52-week low with a below-industry valuation and solid return on equity. Dr Reddy's Laboratories and Cipla both offer similar below-industry discounts with reasonable profitability. Tech Mahindra trades at a richer multiple, and Britannia Industries posts the strongest return on equity by far, though its valuation already prices in much of that strength.

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Table of Contents

Wipro: Buy on Dips

Wipro trades at Rs 163.57, right at its 52-week low of Rs 163.21 and down close to 40% from its high of Rs 273.10. It stands out with a price-to-earnings ratio of just 12.29 against an industry average of 17.66, alongside a return on equity of 14.99% and a dividend yield above 7%. That combination of a deep discount, solid profitability and a stock at its lows makes it the standout ESG stock to watch for accumulation.

Tech Mahindra: Hold

Tech Mahindra is at Rs 1,548.40, down close to 16% from its 52-week high of Rs 1,854.00. It posts a return on equity of 16.24%, but its price-to-earnings ratio of 29.52 is well above the industry average of 17.66. With the valuation already reflecting much of that profitability, this looks like a hold rather than a fresh buy.

Dr Reddy's Laboratories: Buy on Dips

Dr Reddy's Laboratories trades at Rs 1,202.10, down close to 15% from its 52-week high of Rs 1,414.90. It combines a return on equity of 11.07% with a price-to-earnings ratio of 31.73, below the industry average of 38.33. That mix of a discounted valuation and reasonable profitability makes it one of the more attractive ESG stocks to accumulate on dips.

Cipla: Buy on Dips

Cipla is at Rs 1,399.70, down close to 16% from its 52-week high of Rs 1,673.00. It trades at a price-to-earnings ratio of 33.22, below the industry average of 38.33, with a return on equity of 11.27% and an almost debt-free balance sheet. That combination of a below-industry valuation and reasonable profitability makes it another of the more attractive ESG stocks to watch for accumulation.

Britannia Industries: Hold

Britannia Industries trades at Rs 4,890.00, close to its 52-week low of Rs 4,905.00. It posts an exceptional return on equity of 49.61%, by far the strongest in this group, but its price-to-earnings ratio of 45.56 is also the richest here, above the industry average of 35.33. With that premium already reflecting much of the company's outstanding profitability, this looks like a hold rather than a fresh buy despite trading near its lows.

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What Ties These ESG Stocks Together

Across these ESG stocks, Wipro, Dr Reddy's Laboratories and Cipla currently offer the more attractive combination of below-industry valuations and reasonable to solid return on equity. Tech Mahindra's profitability comes at a fuller multiple, and Britannia Industries' exceptional return on equity is already reflected in the richest valuation in the group. Global IT spending, generic drug pricing pressure and input cost inflation for packaged foods can all move these numbers meaningfully from one quarter to the next.

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Conclusion

ESG stocks in India currently show Wipro, Dr Reddy's Laboratories and Cipla as the better placed picks for gradual accumulation among these ESG stocks, while Tech Mahindra and Britannia Industries are more reasonable holds given their fuller valuations. As always, treat this as a starting point rather than a final word.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.

Frequently Asked Questions

A few common questions on these ESG stocks, answered briefly below for quick reference.

Which ESG stocks look attractive right now?

Wipro, Dr Reddy's Laboratories and Cipla all combine below-industry valuations with reasonable to solid return on equity among the names covered here, with Wipro also trading right at its 52-week low.

Why does Britannia Industries trade at a premium?

Britannia Industries posts an exceptional 49.61% return on equity, by far the strongest in this group, which has led the market to price it above the industry average even as the stock trades close to its 52-week low.

Is Wipro a good buy near its 52-week low?

Yes, Wipro trades right at its 52-week low at a valuation below the industry average, with a healthy 14.99% return on equity and a dividend yield above 7%, which is why it stands out as a buy-on-dips candidate.

Why is Tech Mahindra rated a hold?

Tech Mahindra's price-to-earnings ratio runs well above the industry average even though its return on equity of 16.24% is solid, which is why the valuation already appears to reflect much of that profitability.

What makes a stock an ESG stock?

ESG stocks are typically large, well-governed companies that rank highly on environmental, social and governance benchmarks, though this article evaluates them on standard valuation and profitability metrics rather than on ESG scores themselves.

Where can I track these ESG stocks in real time?

You can track live prices, set price alerts, and follow quarterly results for Wipro, Tech Mahindra, Dr Reddy's Laboratories, Cipla and Britannia Industries using the Univest iOS App and Univest Android App.