Wipro Q1 Performance and CITI Review
About Wipro
Wipro Limited is a leading global IT services and consulting company headquartered in India, offering end-to-end solutions including software development, business process services, and digital transformation across diverse industries.
CITI Review Highlights
- Macro view: No major changes; anticipated lift in discretionary spending has not materialized.
- Q1 performance: Bookings were strong but mainly consolidation-driven demand.
- Deal dynamics: Competitive contracts with volume-based discounts.
- Discretionary spend: Paused post tariff announcements; improvement visible only in selective areas, primarily from market share gains.
- Valuation: Trades at 18x FY27E consensus earnings; Sell rating maintained.
Investor Takeaway
Investors should remain cautious as discretionary demand remains uneven. Focus on valuation and competitive pressures while monitoring macro factors impacting IT spend.
For traders navigating current market volatility, tips are available here:
👉 Nifty Tip |
BankNifty Tip
📌 Read Free content at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.