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'Sell' Wipro Shares Maintains Motilal Oswal Post Q1 Results; Sees Current Levels To Limit Margin Expansion
Motilal Oswa reiterates Sell rating on Wipro with a target price of Rs 230, implying 18x FY27E EPS.
18 Jul 2025, 09:39 AM IST 
Wipro has guided for -1% to +1% QoQ CC revenue performance in Q2 FY26. (Photo source: NDTV Profit)
While Wipro's strong deal TCV and early signs of stabilization in Europe prompt a slight upward revision to the brokerage's FY26/FY27E estimates (by ~2%), sees limited room for margin expansion from current levels. Further improvement in execution and sustained conversion of deal TCV to revenue will be key for a constructive view.
