Wipro shares crash 9.5%, brokerages see downside till Rs 220. What should investors do?

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Shares of Bengaluru-based IT major Wipro fell up to 9.5% to the day’s low of Rs 241.75 on BSE after delivering mixed Q3 print and giving a subdued growth outlook for Q4. Global brokerage firm Jefferies gave one of the lowest target prices of Rs 220 on the stock with an underperform rating.

Wipro reported 3Q IT Services revenue of $2.6 billion, up 1.4% QoQ in constant currency terms but guided for 0-2% QoQ revenue growth in CC for Q4, including a 150 bps contribution from the Harman acquisition.

“We tweak our FY26-28 EPS estimates and expect Wipro to…



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Wipro shares crash 9.5%, brokerages see downside till Rs 220. What should investors do?



Shares of Bengaluru-based IT major Wipro fell up to 9.5% to the day’s low of Rs 241.75 on BSE after delivering mixed Q3 print and giving a subdued growth outlook for Q4. Global brokerage firm Jefferies gave one of the lowest target prices of Rs 220 on the stock with an underperform rating.

Wipro reported 3Q IT Services revenue of $2.6 billion, up 1.4% QoQ in constant currency terms but guided for 0-2% QoQ revenue growth in CC for Q4, including a 150 bps contribution from the Harman acquisition.

“We tweak our FY26-28 EPS estimates and expect Wipro to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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