Wipro: Growth visibility showing improvements

DEALWINS, 4% DIVIDEND YIELD BOLSTER LONG-TERM OUTLOOK

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IT SERVICES FIRM Wipro has seen modest adjustments to its forward earnings forecasts, following revisions to its margin outlook for fiscal year 2026. Earnings per share (EPS) are now expected to rise by 1.8% in FY26,while estimates for FY27 and FY28 have been trimmed by 0.7% and 0.8%, respectively. The revisions largely reflect recalibrated expectations for near-term operating margins. Despite these changes, the 12-month target price forthe IT majorremains unchanged at 280, and this valuation is based on a price-to-earnings multiple of 22 times the estimated FY27 earnings pershare of $12.81.At current market levels, Wipro trades at nearly 19.8 times FY27 earnings, suggesting a reasonable entry point for long-term investors. A key positive development is the company’s updated capital allocation policy, which has led