Negative impactResults
Wipro shares fall over 3% after Q1 results. Why have Nomura, Motilal & others cut target prices?
Economic Times 1d ago·17 Jul 2026, 3:59 am
Wipro shares fell more than 3% following its Q1 earnings release, triggering a round of price target cuts from major brokerages. While Nomura and Nuvama maintained their 'Buy' ratings, they lowered their price targets, citing weak growth and cautious guidance for the upcoming quarters. Motilal Oswal, meanwhile, kept a 'Neutral' stance, suggesting another challenging year lies ahead for the IT major.
This reaction highlights investor concern over sluggish deal ramp-ups and the broader macroeconomic environment. However, analysts remain optimistic about the long term. They point to the growing demand for Artificial Intelligence (AI) solutions and the company’s current valuation as key factors that could support the stock's recovery. Investors should watch for signs of improved deal momentum and clarity on AI adoption in the coming quarters.
Key takeaways
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
