Retains a Buy rating on Wipro but lowered its target price to ₹210 from ₹255, implying an 18% upside, following weak Q1 results and softer Q2 guidance. Expects another year of muted growth, trimming FY27 and FY28 earnings estimates by 2%. Despite this, the stock remains attractive at 13x FY27 P/E with a 7% dividend yield.

Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%

WiproBullishCalled 17 Jul 2026
Verdict:PENDING

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