The company WIPRO constant currency growth for the quarter fell 1.7%, compared to estimates of a 2.7% drop. Company expects its March quarter revenue to be between a decline of 1.5% or a growth of 0.5%.

MD & CEO Thierry Delaporte said that he is well aligned with the company’s board on their targets and achievements. There were reports doing the rounds that the board is displeased with the happenings at the company after a slew of top level exits. Delaporte also said that there are some green shoots emerging at the consulting business with Capco growing in double digits during the quarter


In response to Wipro’s earnings, the company’s US-listed shares had ended 17% higher on Friday.
Despite the better-than-feared results, most brokerages may have raised their price targets on company, but have not issued any significant upgrades.
Morgan Stanley remains Underweight on Wipro but raised its price target on the stock to ₹460 from ₹405 earlier. The brokerage said that while there is a initial sign of change in the company’s business mix, it is too early to call that a trend. It remains underweight due to lower visibility in financial year 2025 compared to peers and less favourable relative valuations.

Another brokerage that remains underweight on Wipro is Nomura, who has a target of ₹410 on the stock. Nomura believes that margin improvement for Wipro is unlikely this financial year and that the stock is trading at 19 times financial year 2026 estimated Earnings per Share (EPS).
Out of the 43 analysts that track Wipro, nearly half or 20 of them continue to have a “sell” recommendation on the stock, while 12 of them have a “buy” rating.
Shares of Wipro are trading 10% higher at ₹511.95, the highest level seen by the stock since April 2022. For more details click

Leave a Reply

Your email address will not be published. Required fields are marked *