WIPRO LTD
No SEC Form 4 filings for $WIT in the last 30 days.
See all $WIT insider activity →Wipro Limited's average 12-month price target increased from INR 169.95 to INR 173.62, according to 40 analysts, with a range of INR 136 to INR 215. The consensus rating remains 'Hold' among 42 analysts.
The U.S. Department of Labor (DOL) suspended PERM applications for Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies, and Capgemini. The action follows investigations into alleged fraud and worker exploitation. No fixed dates or legal basis were announced, but the suspension may last up to 180 days. Employers are advised to review compliance and prepare for audits.
The US Department of Labor halted PERM labor certification processing for eight tech firms, including Microsoft, Adobe, and Indian IT giants like Infosys and Wipro, citing potential fraud. This suspension may delay green card applications for workers, primarily affecting Indian nationals, who comprise 71% of successful H-1B applicants. While the financial impact on companies may be limited, the policy could disrupt workers' plans and long-term US-India economic ties.
Over the past 7 days, AlphAI's AI scored 82 news stories mentioning WIT (WIPRO LTD). Coverage has skewed bearish: 13 bullish, 37 neutral, and 32 bearish.
Recent WIT coverage spans earnings, financial news and regulation.
Higher price targets may lift sentiment and support modest upside.
Potential delays in PERM-driven permanent residency pathways for sponsored workers.
The policy change primarily affects green-card transition timing, with the article arguing revenue impact is likely secondary.
ICICI Securities downgraded Wipro, setting a target price of Rs 154. The company's Q3FY27 revenue growth is expected to be -1.5% to +0.5% QoQ CC, with H1FY27 bookings down 38% YoY. Management anticipates better growth in Q4FY27, but broad-based recovery is not yet evident.
Earnings beat on margin but revenue flat; guidance modestly positive.
AlphAI scores every news story that mentions WIT with an AI model for sentiment and relevance, and aggregates insider trades from WIPRO LTD's SEC EDGAR Form 4 filings. Figures refresh continuously.
Wipro Limited's average 12-month price target increased from INR 169.95 to INR 173.62, according to 40 analysts, with a range of INR 136 to INR 215. The consensus rating remains 'Hold' among 42 analysts.
1 min readThe U.S. Department of Labor (DOL) suspended PERM applications for Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies, and Capgemini. The action follows investigations into alleged fraud and worker exploitation. No fixed dates or legal basis were announced, but the suspension may last up to 180 days. Employers are advised to review compliance and prepare for audits.
6 min readThe US Department of Labor halted PERM labor certification processing for eight tech firms, including Microsoft, Adobe, and Indian IT giants like Infosys and Wipro, citing potential fraud. This suspension may delay green card applications for workers, primarily affecting Indian nationals, who comprise 71% of successful H-1B applicants. While the financial impact on companies may be limited, the policy could disrupt workers' plans and long-term US-India economic ties.
6 min readICICI Securities downgraded Wipro, setting a target price of Rs 154. The company's Q3FY27 revenue growth is expected to be -1.5% to +0.5% QoQ CC, with H1FY27 bookings down 38% YoY. Management anticipates better growth in Q4FY27, but broad-based recovery is not yet evident.
1 min readWipro reported 2QFY27 IT Services revenue of USD2.6b, flat QoQ CC, above Motilal Oswal's estimate. Order intake was USD2.6b, down 22.9% QoQ CC. Adj. EBIT margin was 16.5%, and adj. PAT was INR32b, down 4.5% QoQ. The firm expects 2HFY27 revenue and earnings growth.
1 min readWipro's shares rose 6% on October 16 after its September quarter results exceeded analyst expectations for revenue and EBIT margin. The stock is up 13.5% this week, its best performance since 2020. Nomura has a 'buy' rating with a ₹200 price target, while Citi maintains a 'sell' rating with a ₹145 target. Wipro has the most 'sell' ratings among large-cap IT stocks, with 20 out of 44 analysts recommending sell. The stock is trading at ₹185.17, up 6.4% for the day, but down 30% year-to-date.
2 min readIndian IT stocks rose on Friday, with Tech Mahindra up 7.11%, Infosys 3.71%, TCS 3.19%, and Wipro 4%, driven by strong quarterly results and reassessment of global AI-linked stocks. The Nifty IT index gained 2.8%. Investors focused on earnings performance and potential deal improvements, despite broader market mixed trends.
2 min readWipro's September quarter revenue shrank for the second straight quarter, with new deal values also falling. Peers TCS and HCLTech reported revenue growth. Wipro expects deal momentum to improve in Q4, with margins gradually rising. The stock has been range-bound, trading at a multi-year low P/E of 13.
2 min readWipro (WIPRO) guided for Q3FY27 revenue growth of -1.5% to +0.5% sequentially. Solar Industries (SOLARINDS) to acquire Sivasakthi for Rs 115.02 crore. Agastya Energy (AGASTYAEN) secures Rs 106.04 crore solar contract. Tech Mahindra (TECHM) announces Rs 15 dividend and 1:1 bonus issue. Mankind Pharma (MANKIND) reports 86.3% YoY profit jump.
3 min readWipro (WPRO) reported flat IT Services revenue growth in Q2FY27, beating estimates, with EBIT margin expanding to 16.5%. Bookings declined, but management expects Q3 deal closures to support Q4 revenue. Prabhudas Lilladher maintains a target of Rs 166, citing AI growth opportunities but noting weakness in traditional IT spending.
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