Wipro Limited Price & Performance (WIT)

Wipro's latest earnings report has prompted several brokerages to cut target prices and downgrade their recommendations. The company expects a sequential revenue decline of up to 3.5% in Q1FY26, citing macroeconomic uncertainty and cautious client spending. Analysts now foresee another challenging year for Wipro, with turnaround prospects dimming.123

Wipro’s stock price saw a modest rise of 0.66% today, closing at Rs 238.45 despite broader concerns over its outlook. The gain follows a 26% year-on-year jump in net profit, but investors remain wary due to sluggish revenue growth and cautious guidance. Analyst sentiment overall remains neutral to negative.45

Wipro’s subdued revenue forecast triggered a broader sell-off in IT shares, with peers like Infosys and HCL Technologies also declining. The Nifty IT index fell sharply, reflecting investor anxiety over global tariff issues and muted demand. Analysts warn that persistent macroeconomic headwinds could weigh on the sector’s near-term performance.67