“Maintains a 'neutral' rating on Wipro with a price target of ₹160, projecting another weak year with flat to slightly negative constant currency revenue growth due to slow deal ramp-ups and uneven recovery. Margin recovery is expected to be gradual, impacted by AI investments and wage hikes, leading to a 3.5% cut in FY27 EPS estimates.”

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