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Wipro Q3 Results Review — Execution Rigor Is The Key Growth Driver; 'Hold' The Stock Says IDBI Capital
The brokerage expects the company to perform well in the long run, hence, value the stock at target price of Rs 299 (23x FY27E) by rolling in FY27 with maintaining Hold rating on the stock.
19 Jan 2025, 05:07 PM IST 
Wipro reported revenue of $2,629 million above our estimates despite of seasonality, however down by 1.2% QoQ mainly driven by execution rigor and continued demand uptick in capco.
(Photo source: Vijay Sartape/NDTV Profit)
Wipro's management is confident about achieving upper band of the margin range on back of improvement in consulting revenues, pyramid rationalization, rationalisation of G&A and acquisition synergy.
