Wipro share update: Is it time to buy the dip or stay away? Check details

Wipro's share price tumbled after its quarterly results. As of Thursday, April 17th, the stock was down 5.47% at ₹234.10. Should you buy, hold, or sell?

Why Wipro Share Fell

Wipro's CC revenue growth met expectations in Q4 but declined 0.8% QoQ, leading to a 6% drop in share price on Thursday.

Wipro Share Price

Wipro shares witnessed a significant drop on Thursday, April 17th. Brokerage houses offer varied opinions.

Wipro Share: Buy or Sell?

Nuvama downgraded Wipro's rating to hold and reduced the price target from ₹300 to ₹260.

Expert Opinion on Wipro Share

Nomura maintains a buy rating on Wipro but lowered the target price to ₹280, citing macro uncertainties and demand impact.

Wipro Share Underperform Rating

Bernstein gives Wipro an underperform rating with a ₹200 price target, citing management concerns about macro uncertainty.

Wipro Share's Future

Emkay Global maintains a reduce rating on Wipro with a ₹260 price target, citing concerns about revenue decline.

What Should Investors Do?

Bloomberg data shows 11 analysts rate Wipro as buy, 15 as hold, and 19 as sell. Consult your market expert before investing.