Wipro shares tumble 4% post Q2 results; here’s what traders should do now

Wipro Shares Today: Shares of Wipro Ltd. fell more than 4 per cent on Friday, following the company’s September-quarter results announced after market hours on Thursday. The stock was trading at Rs 242.8, while its US-listed ADRs ended 2.5 per cent lower overnight.

Brokerages remain divided on Wipro; Nomura upbeat on deal wins

Nomura maintains a Buy rating with a target price of Rs 280, indicating a potential upside of around 10 per cent from Thursday’s close. The brokerage highlighted that Q2 earnings beat expectations on most parameters, while Wipro’s deal wins remain strong. Nomura also noted the company aims to maintain its EBIT margin within a tight band, despite headwinds. The FY27 dividend yield stands at 4 per cent, with the stock trading at 19.8 times estimated FY27 EPS.

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Jefferies cautious on growth

Conversely, Jefferies has an Underperform rating with a target of Rs 220, suggesting a downside of over 13 per cent from the previous close. While the Q2 results, adjusted for a Rs 120 crore one-time charge, were in line with estimates, Jefferies highlighted that revenue guidance for Q3 ranges from 1.5 per cent growth to a 0.5 per cent sequential decline on a constant currency basis, excluding contributions from the recently announced Harman Digital Transformation Solutions acquisition. With a projected EPS CAGR of 3 per cent over FY26–28 and a 3 per cent dividend yield, Jefferies described the stock’s risk-reward profile as unattractive.

Market takeaway

Despite strong deal bookings and stable margins, Wipro’s stock faced selling pressure as investors assessed the mixed signals from analysts and tempered Q3 guidance.