Wipro shares jump 2.53% on improved revenue guidance & strong deal wins

Wipro Limited shares surged 2.53 per cent to ₹267.20 on the NSE on July 18, 2025, as investors responded positively to the company’s improved revenue guidance and strong deal bookings announced in its Q1FY26 results the previous day.

The stock opened at ₹268.60 and touched a high of ₹271.90 during morning trade, with heavy volumes of 201.84 lakh shares traded worth ₹541.22 crore. The rally came despite sell quantity outweighing buy quantity at 26.76 lakh shares versus 16.07 lakh shares.

Analysts have issued mixed recommendations following the results. JM Financial maintained a ‘BUY’ rating with a revised target price of ₹320, up from ₹310, citing strong deal momentum and improved competitive positioning. However, Choice Institutional Equities retained its ‘REDUCE’ rating with a target of ₹252, expressing caution over execution risks despite improved guidance.

The positive market reaction was driven by Wipro’s upgraded Q2FY26 revenue guidance of -1 per cent to +1 per cent sequential growth, a significant improvement from the previous quarter’s -3.5 per cent to -1.5 per cent range. The company reported strong deal bookings of $5.0 billion in Q1FY26, including large deals worth $2.7 billion that grew 131 per cent year-on-year.

Wipro’s Q1FY26 results showed net income growth of 10.9 per cent year-on-year to ₹33.3 billion, despite revenue declining 2.3 per cent in constant currency terms. The company declared an interim dividend of ₹5 per share.

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Published on July 18, 2025