“Maintains a 'buy' rating on Wipro with a price target of ₹190, despite a subdued Q1 and lower-than-anticipated Q2 guidance. The current 5% dividend yield is expected to provide support for the stock, even as management anticipates a gradual return to 17-17.5% margins over time.”

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