Wipro fails to show revival signs; may underperform peers, say analysts

Wipro shares fall after weak Q1: Shares of Wipro plunged up to 8.79 per cent at Rs 508.25 per share on the BSE in Monday’s intraday trade. This came after the information technology firm posted sluggish growth in the first quarter of financial year 2024-25 (Q1FY25).

According to analysts, Wipro failed to show positive signs of a recovery with miss on revenue growth, muted growth guidance for 2QFY25 and decline in large deal TCV despite bagging a mega deal.