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Wipro Q4 Results Review — Weak Guidance Amid Economic Uncertainty; HDFC Securities Retains 'Reduce', Cuts TP
HDFC Securities believes that leakages in renewals still need to be plugged for Wipro to catch up with peers on growth, hence retains 'Reduce' rating on the stock
17 Apr 2025, 10:49 AM IST 
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Wipro's revenue guidance for Q1 FY26E was disappointing at -3.5 to -1.5% QoQ CC, says HDFC Securities Institutional Equities (Source: Vijay Sartape/NDTV Profit)
Despite a strong increase in order booking and large deal wins, Wipro highlighted that clients have become more cautious due to global economic uncertainty and recent tariff announcements. This is leading to potential delays in decision-making and pauses in projects, particularly in the consumer and manufacturing verticals.
