In its latest report, Emkay Global Financial Services has maintained a ‘Reduce’ rating on Wipro Ltd., citing a soft Q4 performance and underwhelming guidance for Q1 FY26.
India’s information technology sector took a sharp hit Friday as shares of major firms dropped following renewed fears of retaliatory tariffs by the United States’ global trading partners.
Wipro reported strong quarterly results and the stock opened almost 8 percent higher in today's session. The stock touched intraday high at Rs 305 by the time of publication of this report.
Wipro, a leading IT services company, saw its shares surge by nearly 6% on Friday following the announcement of a 21.2% year-on-year increase in consolidated net profit for the second quarter of FY