Wipro Shares Fall 4.48% Despite Robust Q2 Results and $2.9 Billion Deal Wins

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’s stock slipped 4.48% to ₹242.44 even after posting stronger-than-expected quarterly results. Revenue rose 0.7% QoQ to $2,604.3 million, with large deal bookings jumping 90.5% YoY to $2.9 billion. Despite an adjusted margin of 17.2%, a ₹1,165 million client bankruptcy provision impacted overall profitability. Brokerages remain split — Nomura stays Buy (₹280), while Motilal Oswal and Jefferies maintain Sell (₹200) and Underperform (₹220) citing growth and margin risks.