WIPRO

Slides After Weak Outlook, Cautious Management Commentary Weighs on Investor Sentiment

shares fell over 2% to emerge as the top loser on the Nifty after the company issued a subdued revenue guidance for the September quarter and highlighted continued softness in client spending and delayed decision-making. While the company delivered stable Q1 results, management remained cautious on the demand environment, particularly amid macroeconomic uncertainty and slower discretionary IT spending. The muted outlook prompted several brokerages to trim target prices, reflecting concerns that a meaningful recovery in revenue growth could take longer than expected.