The target implies a 10.43% downside from Wipro’s closing price of ₹173.06 on Monday.
Wipro stock has tumbled 35% on a year-to-date basis.
Wipro management meet: Key takeaways
AI adoption moving towards ROI
Enterprises are moving from experimenting with artificial intelligence to focusing on returns on investment, with companies expecting 25%-35% productivity gains from AI adoption. Wipro said the step-up in productivity benefits differentiates AI from previous technology shifts.
AI deflation to continue
AI-led deflation on contract renewals has been playing out for the past four to six quarters, and Wipro expects this trend to continue for another four to six quarters as it works through the company’s broader portfolio.
Demand strong, but net growth remains subdued
While the overall demand environment remains strong, vendor churn and productivity pass-throughs have weighed on Wipro’s net performance.
Growth recovery seen in 2-3 quarters
A significant portion of Wipro’s portfolio has already gone through vendor churn. The company expects growth to return over the next two to three quarters as clients shift their focus from cost minimisation towards revenue maximisation.
‘Human + Agent’ delivery model
Wipro expects an industry-wide shift from traditional linear labour models towards a ‘Human + Agent’ delivery model to be critical for a broad-based recovery in growth.
Margin expansion
AI-led benefits, higher productivity in fixed-price contracts, general and administrative cost rationalisation and improved utilisation are expected to help Wipro return to its 17%-17.5% margin band over the next few quarters.
Of the 44 analysts covering Wipro, eight have a ‘Buy’ rating, 16 have a ‘Hold’ rating and 20 have a ‘Sell’ call on the stock.
Shares of Wipro settled 1.89% lower at ₹173.06 on Monday. The stock has declined more than 35% so far in 2026.
