Wipro’s shares decreased 6 percent after the results of the fourth quarter. The greatest projects a weak perspective of the quarter of June, lower than the market anticipated, amid global uncertainties.
Declaging the results of the Q4Fy25 hours after the market on Wednesday, the company had guided the degradation of the income of 3.5 to 1.5 percent in terms of constant currency (CC) for its segment of IT services in Q1Fy26 citing macroconomic uncertainties.
Most stock market runners have reduced target prices in shares.
The institutional actions of Nuvama have reduced the action to maintain a reduced objective price of ₹ 260 of ₹ 300 before.
The brokerage emphasized the weak q1fy26 orientation of Wipro driven by high levels of macro uncertainty due to tariffs, it makes it difficult to report positive growth in the FY26, thus derailing its response thesis.
Nuvama had previously improved Wipro considering its high exposure to discretionary expenditure and relatively economic assessments.
With the rapid deterioration of the macro, which leads to uncertainty around the discretionary expenses and Wipro’s assessment becomes similar to the pairs (TCS, Infosys and HCl), we do not see that neither of the two places remains longer, Nuvama added.
Motilal domestic brokerage awaits a decrease in CC income of 1.9 % in the fiscal year in the fiscal year26, with operational margins at 17.2 percent. It has also reduced EPS estimates for Fy26/Fy27 by 4 percent to account for the weak orientation and softness of sustained demand in verticals and key regions. Motilal has reiterated the sales call in ₹ 215.
The shares quoted 5.57 percent lower than ₹ 233.85 in the NSE at 9.58 am, after listening to a minimum of ₹ 232.15.
The action opened to ₹ 235, below the previous closure of ₹ 247.65.
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Posted on April 17, 2025
