WIPRO

Wipro Ltd is likely to remain in focus on Friday after the IT services company reported a mixed set of results for the first quarter of FY27, triggering divergent views from brokerages. While Nomura reiterated its 'Buy' rating on the stock, Jefferies maintained its 'Underperform' recommendation and lowered its earnings estimates, citing weaker-than-expected growth prospects. Wipro's American depositary receipts (ADRs) gained 0.54 percent overnight after the earnings announcement. The stock had closed 1.75 percent higher at Rs 177.70 on Thursday ahead of the results. Despite the recent uptick, Wipro shares are still down 33.5 percent so far in 2026, valuing the company at around Rs 1.76 lakh crore. For the April-June quarter, Wipro reported a consolidated net profit of Rs 3,352 crore, up 0.6 percent year-on-year. Revenue rose 10.6 percent to Rs 24,479 crore, although it fell short of analysts' expectations. The company also announced an interim dividend of Rs 2 per share and guided for IT services revenue in the September quarter to range between a 1.5 percent decline and 0.5 percent growth in constant currency terms. Nomura retained its 'Buy' rating on Wipro with a target price of Rs 190, implying a potential upside of about 7 percent from Thursday's closing price. However, the brokerage described the June quarter as subdued, noting that the company's September-quarter revenue guidance was slightly below expectations. It also highlighted weak deal wins during the quarter as an area of concern.