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Wipro shares fall over 2% after Q1 results and weak outlook disappoint Street

By BL Bengaluru BureauJuly 17, 2026 · 1 min read

Jefferies maintained its underperform rating on the stock and cut its target price to ₹150 from ₹180 and said another soft quarter and September 2026 quarter guidance implied a delayed recovery

Wipro shares declined 2.3 per cent on Friday after the IT services company reported its June quarter results and brokerages flagged concerns over weak guidance and a delayed recovery outlook. At 9.3…

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