“Motilal Oswal reiterates a 'Neutral' rating on Wipro with a target price of ₹160, valuing shares at 11x FY28E EPS. The brokerage anticipates another weak year for Wipro, projecting flat to slightly negative FY27 constant currency revenue growth due to a soft H1, slower deal ramp-ups, and uneven recovery. Margin recovery is expected to be gradual, impacted by AI investments and wage hikes.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%