Stock brokers largely have mixed views on Wipro following a modest beat on September quarter results. Nirmal Bang Institutional Equities (NBIE) has maintained its ‘Hold’ rating on Wipro, lowering the target price to Rs 290 from Rs 297. The target implies a valuation of 19.6 times estimated September FY27 earnings, a 15 per cent premium to Wipro’s 10-year average multiple. MOFSL said its is modelling in a flat YoY constant currency (CC) revenue growth for FY26, factoring in a soft start, and muted Q2 and Q3 guidance, and a gradual recovery in H2. This brokerage suggested a 'Sell' rating and a target price of Rs 200 on Wipro. Foreign brokerage Nomura retained its 'Buy' and a target of Rs 280 on the stock. Advertisement

"We see limited room for margin expansion from current levels. We keep

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