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Brokerages downgrade Wipro
Financial Express Delhi
|April 18, 2025
BROKERAGES HAVE DOWNGRADED their ratings on Wipro and lowered their price targets after the IT services provider reported weaker-than-expected revenue for the March quarter and issued a muted revenue outlook for the first quarter of FY26, citing macroeconomic uncertainties and client caution.
Nuvama Institutional Equities downgraded Wipro to 'hold' and cut its target price to ₹260 from ₹300. The brokerage said, "With the rapid deterioration of macro, leading to uncertainty around discretionary spends and Wipro's valuation becoming similar to peers TCS, Infosys and HCLTech—the brokerage does not see either
Diese Geschichte stammt aus der April 18, 2025-Ausgabe von Financial Express Delhi.
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