Wipro Faces Earnings Hit From Various Headwinds -- Market Talk

Dow Jones
04/17

0704 GMT - Wipro faces earnings hits from various headwinds, Elara Securities (India) analysts say in a research report. The Indian company has continued to face client-specific issues in the U.S. banking, financial services and insurance market, the analysts say. Also, one of Wipro's large clients is reprioritizing IT budgets, thereby affecting growth of the technology services provider's BFSI segment. Moreover, Wipro has seen a cautious stance from its manufacturing customers owing to supply-chain disruptions. The brokerage cuts its earnings estimates for Wipro by 9% for FY 2027 and 14% for FY 2028. It lowers the stock's rating to sell from reduce and the target price to 180.00 rupees from 205.00 rupees. Shares are 2.8% lower at 204.30 rupees. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 17, 2026 03:04 ET (07:04 GMT)

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