Wipro shares gain nearly 2% after Q2 results; brokerages remain bearish
Wipro moved lower in a quarterly results development.
· Business Standard Mkts
Wipro's net profit fell 1.4 per cent year-on-year to ₹3,201 crore in the second quarter of financial year 2027.
The analysis
Wipro reported ₹3,201 crore, with movement of 2% and 1.4% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +4.3% on the day at ₹198.31, and has returned +6.4% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -3.1% over the same period, so Wipro is running 9.5 points ahead of its peers.
For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Wipro (WIPRO), in IT.
- Over three months: Wipro +6.4% against IT -3.1% (9.5 points ahead).
- At least 25% below the 52-week high: Wipro (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
IT
1M +5.2% · 3M -3.1%
Wipro
Financial Services
1M -8.8% · 3M -14.9%
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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