Wipro is at a tough point. The stock has lagged its large-cap IT peers. Bookings fell sharply in Q2 FY27. Yet Nomura still rates it a Buy.
This guide covers the latest brokerage targets, the Q2 FY27 numbers, and the key risks. All figures come from company results and brokerage notes published in October 2026.
Disclaimer: This article is for education only. It is not investment advice. Stock prices and analyst targets change often. Do your own research or consult a SEBI-registered adviser before you invest.
Wipro Q2 FY27 Results
| Metric | Q2 FY27 |
|---|---|
| Consolidated revenue | ₹24,752.7 crore (+9.1% YoY) |
| Consolidated net profit | ₹3,199.7 crore (-1.9% YoY, -4.67% QoQ) |
| IT services revenue | About $2.6 billion, flat QoQ in constant currency |
| EBIT margin | 16.4% (+40 bps QoQ) |
| Total bookings | $2,595 million (-22.9% QoQ, constant currency) |
| Large deal bookings | $674 million (-58.6% QoQ) |
| Large deals signed | 9 |
Revenue beat market expectations. Profit slipped. Bookings are the weak spot. Large deals fell almost 59% from the previous quarter.
How Has Wipro Stock Performed?
Wipro has been a laggard among large IT stocks. The shares fell nearly 10% in one session in January 2026. Management gave a soft revenue outlook, and deal wins disappointed.
NOW Stock Analysis? https://dailystocks7.com/2026/10/25/servicenow-now-stock-analysis/
After the Q2 FY27 results, the stock rose over 6% to around ₹185. Even so, Motilal Oswal expects Wipro to lag its peers through FY27.
Wipro Share Price Target: What Brokerages Say
Brokerages are split. Targets after the Q2 FY27 results range from ₹145 to ₹200.
| Brokerage | Rating | Target Price | Key Reason |
|---|---|---|---|
| Nomura | Buy | ₹200 | Margins in line, revenue ahead. Target raised about 5%. |
| Motilal Oswal | Neutral | ₹170 | Flat revenue, bookings down 22.9% QoQ. |
| Jefferies | Underperform | ₹155 | Target raised from ₹150. Implies about 16% downside. |
| Citi | Sell | ₹145 | Weak growth outlook. |
Across about 40 analysts, the consensus rating is Hold. S&P Global data on StockAnalysis puts the average target near ₹178. The highest target on MarketScreener was ₹226. These consensus figures may shift as brokerages update their models after Q2.
8th Pay Commission Impacts on Indian Stock Market? https://dailystocks7.com/2026/10/24/8th-pay-commission-impacts/
Morgan Stanley also cut Wipro to Underweight in January 2026.
Wipro Share Price Target 2030
No major brokerage publishes a formal 2030 target. Most models run one to three years. Nomura expects dollar revenue to fall 0.5% in FY27 and rise 1.7% in FY28. That is slow growth.
The 2030 price will depend on three things.
| Factor | Helps the stock | Hurts the stock |
|---|---|---|
| Deal bookings | Large deals return and convert to revenue | Bookings keep falling |
| AI-led pricing | Outcome-based deals lift margins | Savings pass to clients and cut revenue |
| Margins | Hold near 16%+ | Slip under pricing pressure |
Treat any exact 2030 price you see online as a guess, not a forecast.
Growth Drivers: The Bull Case
- Deal wins: Wipro signed nine large deals in Q2.
- Margins: EBIT margin rose 40 bps QoQ to 16.4%.
- Revenue beat: Q2 revenue came in above market expectations.
- Brokerage support: Nomura sees about 15% upside from the ₹174 closing price before the rally.
Key Risks: The Bear Case
- Weak bookings: Total bookings fell 22.9% QoQ. Large deals fell 58.6%.
- Negative FY27 growth: Motilal Oswal projects slightly negative constant-currency revenue growth for FY27.
- Weak Q3 outlook: Seasonal furloughs will weigh on December-quarter growth.
- Downside calls: Jefferies and Citi both see the stock falling from current levels.
- AI disruption and exits: Reports link the bookings slump to AI disruption and senior exits. Reports also cite about 6,700 job cuts.
The Takeaway for Investors
Wipro is a turnaround story, not a momentum trade. Margins are stable. Bookings are not. The next two or three quarters will show whether large deals turn into revenue.
Budget Expectations By Retail Investors? https://dailystocks7.com/2026/10/24/budget-expectations-by-retail-investors/
Long-term investors may track it on a watchlist. Those who want fast growth have better options in the sector.
Disclaimer:
This article is for education only. It is not investment advice. Rishav Rajput is not a SEBI-registered investment adviser. Stock prices and analyst targets change often. Do your own research or consult a SEBI-registered adviser before you invest.
FAQs
After Q2 FY27, brokerage targets range from ₹145 (Citi) to ₹200 (Nomura). The consensus average is near ₹178.
The analyst consensus is Hold. Nomura rates it Buy. Jefferies and Citi rate it Underperform and Sell.
No major brokerage publishes an official 2030 target. The outcome depends on bookings, AI-led pricing and margins.
Motilal Oswal expects Wipro to lag its peers in FY27. Future performance depends on how fast large deals turn into revenue.
Leave a Reply