Wipro shares rise over 2% as Q2 revenue grows 9% YoY. What are Nomura, Goldman Sachs analysts saying?
Wipro reported a 9.1% year-on-year rise in Q2FY27 revenue to Rs 24,752.7 crore, while net profit fell 1.9% to Rs 3,201 crore. The IT major expects Q3 revenue growth of -1.5% to 0.5% sequentially in constant currency terms. Nomura retained its Buy rating with a Rs 200 target, citing a slight revenue beat and confidence in delayed large deals closing.
Shares of IT major Wipro rallied as much as 2.3% to the day’s high of Rs 178 on the BSE on Friday after it reported a 9.1% year-on-year (YoY) rise in gross revenue to Rs 24,752.7 crore in Q2FY27, up 1.1% quarter-on-quarter. Net profit, however, decli... [4666 chars]
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