{"id":923379,"date":"2025-04-19T08:15:33","date_gmt":"2025-04-19T02:45:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=923379"},"modified":"2025-04-19T08:27:16","modified_gmt":"2025-04-19T02:57:16","slug":"brokerages-downgrade-wipro-cut-targets-on-weak-q4-muted-outlook","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/04\/19\/brokerages-downgrade-wipro-cut-targets-on-weak-q4-muted-outlook\/","title":{"rendered":"Brokerages downgrade Wipro, cut targets on weak Q4, muted outlook"},"content":{"rendered":"<p>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. <\/p>\n<p>Nuvama Institutional Equities downgraded Wipro to \u2018Hold\u2019 and cut its target price to `260 from `300. The brokerage said: \u201cWith the rapid deterioration of macro, leading to uncertainty around discretionary spends and Wipro\u2019s valuation becoming similar to peers TCS, Infosys and HCLTech \u2013 the brokerage does not see either of the two premises holding up any longer.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2018Hold\u2019 and cut its target price to `260 from `300. The brokerage said: \u201cWith the rapid deterioration of macro, leading to uncertainty around discretionary spends and Wipro\u2019s valuation becoming similar to peers TCS, Infosys and HCLTech \u2013 the brokerage does not see either of the two premises holding up any longer.\u201d<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-923379","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/923379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=923379"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/923379\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=923379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=923379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=923379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}