Maintains a Buy rating on Wipro but cut its target price to ₹190 from ₹200, implying a 6.7% upside. The Q1FY27 results were subdued with a 1.2% QoQ CC revenue decline, and Q2FY27 guidance of -1.5% to +0.5% QoQ CC was slightly below expectations, attributed to macro uncertainty and geopolitical instability.

Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%

WiproBullishCalled 17 Jul 2026
Verdict:PENDING

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Tracking Wipro since this call

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