WIPRO

Growth Hunt M&A Becomes the New Playbook

gained over 2% after announcing a $1 billion deal with Olam Group and acquiring its IT arm Mindsprint, signaling a strategic push to drive growth amid a slowdown in the IT sector. The move reflects a broader industry shift toward M&A-led expansion to offset weak organic growth; however, cautious sentiment persists as brokerages like Emkay Global maintain a “Reduce” rating, indicating that while the deal is directionally positive, execution and returns remain key concerns.