WIPRO SHOCKER: Stock Slides Nearly 10% Despite Margin Improvement

shares witnessed sharp selling pressure on Monday, 19 Jan 2026, plunging as much as 9.68% in morning trade ahead of its Q3 results and eventually closing nearly 8% lower. The decline came despite mixed financial performance. Consolidated net profit fell 7% year-on-year to ₹3,119 crore compared to ₹3,353.8 crore last year, reflecting margin and demand challenges. IT services revenue grew 4.9% to ₹23,378.1 crore, while dollar revenue saw a marginal rise of 0.2% to $2,635.4 million. Positively, IT services operating margin improved by 10 basis points to 17.6%. However, muted growth outlook and earnings pressure weighed heavily on investor sentiment, triggering a sharp sell-off in the stock. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions. I, Akhilesh Jat (SEBI Registered Research Analyst – INH000016649), do not have any position in the mentioned scrip.