Bearish on Wipro with an 'Underweight' stance and a target price of ₹160. The brokerage cites intensifying competition, muted growth, and limited scope for margin expansion as key concerns for the company, recommending it as part of a pair trade against Tech Mahindra.

JM Financial Analysis’s track record: 4 graded calls · 95% CI 5–70%

WiproBearishCalled 16 Sep 2026
Verdict:PENDING

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Pre-fills a same-day INTRADAY short — delivery short-selling isn't allowed, so this is the only way to paper-trade a bearish call.

Tracking Wipro since this call

1-year tracking window
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