“Emkay Global maintains a 'Reduce' call on Wipro, cutting its share price target by 15% to ₹170 from ₹200. This revision follows Wipro's weak Q1 revenue performance, attributed to delayed deal ramp-ups, softness in BFSI and Healthcare, and elongated client decision cycles amid a challenging macro environment. The firm tweaked its FY27E EPS estimates by 0.6%.”