WIT

WIT

Wipro Limited

Company Information

SectorTechnology
IndustryInformation Technology Services
Market Cap$21.37B
Analysts Rating3.1/5

Recommendation Details

PortfolioLargecap Short
DateNov 12, 2026
ForecastQ Daily Probabilities
50.9%
20.1%
10.6%

Company Description

Wipro Limited is a global enterprise that specializes in providing information technology (IT), consulting, and business process services. The company organizes its operations into three distinct divisions: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services division delivers a comprehensive suite of IT and IT-enabled solutions. These offerings span strategic digital advisory, bespoke customer experience design, expert technology and IT consultation, and the complete lifecycle of custom application management – from design and development to re-engineering and ongoing maintenance. Additionally, this segment handles systems integration, the deployment of packaged software, management of cloud and infrastructure environments, optimization of business processes, and advanced services in cloud computing, mobile technology, and data analytics, alongside research and development, and hardware and software design for various enterprises. Wipro caters to a diverse clientele across numerous industrial verticals, including healthcare, life sciences, consumer products, retail, transportation, communications, media, information services, technology platforms, banking, financial services, insurance, manufacturing, high-tech industries, and the energy and utilities sectors. The IT Products segment supplies an assortment of third-party information technology items. This inventory includes enterprise-level platforms, networking apparatus, various software and data storage solutions, contact center infrastructure, robust enterprise security systems, IT optimization tools, video communication solutions, and end-user computing devices. Its primary market for these products is India, where it serves enterprises in sectors such as government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services. Finally, the India State Run Enterprise Services (ISRE) division is dedicated to furnishing IT services to organizations and governmental departments either owned or controlled by the Indian federal government and/or individual Indian state administrations. Wipro Limited was established in 1945 and maintains its corporate headquarters in Bengaluru, India.

Recent News & Events

Near-term catalysts skew modestly negative-to-neutral, with AI-disruption fears pressuring IT services sentiment offset by upcoming investor meetings that could clarify demand outlook.

NEGATIVEFeb 18, 2026
Sector Sentiment / Competitive Threat

Anthropic Claude Sonnet 4.6 launch reignites AI disruption fears

Anthropic launched Claude Sonnet 4.6, described as its most capable Sonnet model, reviving investor concerns that AI could disrupt traditional software and IT services businesses. The Nifty IT index fell ~2.5% and Wipro shares dropped over 2% in early trade, mirroring peer weakness. Continued AI capability announcements pose a near-term overhang on IT services valuations.

Samco
NEUTRALNov 12, 2026
Investor Meetings / Management Commentary

Wipro to meet analysts and investors in Mumbai Nov 17 and 19

Wipro will attend the JM Financial Annual India Conference on November 17 and a group non-deal roadshow in Mumbai on November 19. Management commentary on demand, large contract activity, execution and the December-quarter outlook could shift sentiment ahead of the reporting cycle; the schedule itself provides no new guidance.

AD HOC NEWS
NEGATIVEOct 15, 2026
Earnings Report / Guidance

Q2 FY27 results in line; soft Q3 guidance and weak bookings

Wipro reported Q2 revenue roughly flat sequentially with 16.5% operating margin, but total bookings fell 22.9% QoQ and large deal bookings dropped 58.6% QoQ to a 19-quarter low. Q3 IT services guidance of -1.5% to +0.5% CC reflects seasonal furloughs, healthcare softness and client-specific issues. Management expects slipped deals to close and Q3 bookings to be robust, a claim investors will test.

Wipro Press Release
POSITIVENov 11, 2026
Trading Activity / Technical Breakout

Elevated trading volume and price breakout above resistance

Wipro saw trading volume of ~11.76 million shares versus a seven-day average of ~10.03 million, with the stock breaking above its second resistance level at Rs 202. Elevated volume and technical strength can attract short-term momentum interest, though the move may be transient.

The Economic Times

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