Wipro share price slumps nearly 4% after Q4 results. Should you buy, sell or hold?

Wipro’s share price slumped almost 4% on Friday, 17 April, following the IT giant’s reported consolidated net profit of ₹3,501.8 crore for the March quarter of FY26, which was down 1.89% from the previous year’s ₹3,569.6 crore.

The profit decrease occurs amid a tough macroeconomic climate, which Wipro’s CEO and MD, Srini Pallia, referred to during the earnings call as the “new normal”, characterised by geopolitical and policy challenges; however, he pointed out that overall IT spending has remained resilient.