Now Reading: Wipro shares rise 5% after Q2 profit fall, brokerages cautious
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Wipro shares rise 5% after Q2 profit fall, brokerages cautious
Wipro shares rose nearly 5% on Friday, 16 October, a day after the company reported its Q2FY27 results. Net profit fell 1.4 to 1.9% year-on-year to around ₹3,200 crore, while revenue rose about 9% to ₹24,753 crore. IT services revenue, the main metric, was nearly flat, up just 0.3% from a year ago.
Brokerages remain cautious. Dam Capital, Nirmal Bang, PL Capital, Choice Equity Broking and Systematix all have ‘Neutral’, ‘Hold’, ‘Sell’ or ‘Reduce’ ratings, with target prices from ₹143 to ₹180. Wipro’s Q3 guidance of -1.5% to +0.5% sequential constant-currency growth reflects seasonal furloughs and deal-slippage concerns.
The stock has gained 15% so far in October, diverging from analyst caution. The next milestone is Wipro’s Q3 results for October to December 2026, due in January 2027.
Indian Opinion Analysis
Business Standard and Livemint both report Wipro’s Q2FY27 results as the key driver of the stock’s rise, but their headlines and lead paragraphs frame the same event with different emphasis. Business Standard leads with the stock gaining nearly 2%, immediately foregrounds bearish brokerage views, and lists three downgrade or hold ratings in detail, omitting any buy calls. Livemint leads with a 5% jump and a 15% month-to-date gain, uses ‘Should you buy this IT stock?’ to invite upside discussion, and includes a brokerage that flags AI investments as a catalyst while still assigning a ‘reduce’ rating. The difference is one of tone: Business Standard leans neutral-report but tilts toward caution by leading with the negative outlook, while Livemint leans slightly more toward highlighting the stock’s recent momentum. Both cover the same core figures, profit fall, revenue rise, weak Q3 guidance, faithfully.
Coverage: 2 sources, 2 neutral
Sources (2): business-standard.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
