Wipro, India’s leading tech giant, has witnessed a decline in its share price, dropping 15% from its peak reached in February 2024. This underperformance compared to peers such as TCS and Infosys has prompted analysts to assess the company’s prospects.
Wipro’s recently released Q4 results further added to the concerns, with consolidated net profit falling by 8% and revenue from operations declining by 4%. Industry experts believe that Wipro is encountering challenges in the demand environment and faces difficulties in quickly ramping up deals.
Despite these setbacks, Wipro’s share price has demonstrated resilience by recovering over 27% from its 52-week low. Analysts advise investors to exercise cautious optimism as the company navigates the current market conditions.
Key factors that investors should consider include Wipro’s ability to address demand uncertainties, enhance operational efficiency, and secure profitable deals. By closely monitoring these developments, investors can make informed decisions regarding their Wipro investments.
