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Wipro Ltd shares fell 4.6% Friday, becoming the top Nifty 50 loser following its Q2 FY26 results.
Wipro Share Price
Wipro Ltd shares tumbled as much as 4.6% on Friday morning, emerging as the top loser on the Nifty 50 index, a day after the IT company announced its Q2 FY26 results. The stock slipped to an intraday low of Rs 242 on the NSE from Thursday’s close of Rs 253.81, as brokerage opinions remained mixed amid muted revenue growth and cautious guidance.
For the quarter ended September 2025, Wipro reported a modest 1.15% year-on-year increase in consolidated profit after tax to Rs 3,246 crore, up from Rs 3,209 crore a year earlier. Consolidated revenue from operations rose 2 percent to Rs 22,697 crore.
“Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band. Bookings surpassed $9.5 billion for H1 FY26,” said Srini Pallia, CEO and Managing Director of Wipro. He added that the company would continue focusing on resilience and AI-driven transformation through its “Wipro Intelligence” suite of AI-powered platforms and solutions.
For the December quarter, Wipro guided IT Services segment revenue in the range of $2,591 million to $2,644 million, implying sequential growth of -0.5 percent to 1.5 percent in constant currency terms. The guidance excludes any contribution from its recent acquisition of Harman Digital Transformation Solutions. CFO Aparna Iyer said three of Wipro’s four strategic market units grew sequentially in Q2, while key financial metrics such as operating cash flow and margins remained robust. Large deal bookings in H1 FY26 surpassed total large deal wins for FY25, with Q2 large deal bookings rising to $2.85 billion from $2.67 billion in the previous quarter.
Brokerage views on Wipro were mixed. Nomura maintained a ‘Buy’ rating with a target price of Rs 280 per share, calling Q2 “a beat on most parameters” and highlighting strong deal wins and margin discipline. It noted that Wipro’s FY27 dividend yield stands at 4% and the stock trades at 19.8 times FY27 estimated EPS.
Jefferies, however, issued an ‘Underperform’ rating with a target price of Rs 220 per share, noting that, after adjusting for a Rs 120-crore one-time charge, results were largely in line with expectations. The brokerage cautioned that margins could face pressure from deal ramps and recent acquisitions, projecting a modest 3% EPS CAGR and 3% dividend yield over FY26–28, making the risk–reward less attractive despite improving deal momentum.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 17, 2025, 11:42 IST
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