WIPRO

Shares Drop 4% Post Q4 Results and ₹15,000 Crore Buyback Announcement: Brokerages React

Shares of

dropped near 4% to ₹202 after its Q4 results announcement. The company reported a net profit of ₹3,502 crore, down 2% YoY, while revenue grew around 8%. However, its core IT services business remained weak, showing limited growth due to subdued global demand. Margins also saw slight pressure, reflecting ongoing cost challenges, though profit improved sequentially. The board approved a ₹15,000 crore share buyback, offering some support to sentiment. Still, concerns around slow IT spending and weak business momentum weighed on the stock. Brokerages, including Goldman Sachs, remain cautious, highlighting soft demand and margin pressure as key risks. Market View: In the near term, the stock may remain volatile, with investor focus shifting toward management commentary on deal pipelines, client spending trends, and margin recovery prospects. Investment in securities market are subject to market risks. Read all the related documents carefully before investing