Jefferies raises Wipro target from INR 150 to 155 for Wipro stock

Published on 10/27/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro's September-quarter margin reached 16.50 percent, up 0.50 points sequentially. Wipro stock costs EUR 1.87 on October 27, 2026, with Q3 guidance at USD 2.571 billion to USD 2.625 billion.

Wipro balances margin and growth

Jefferies raised its Wipro target from INR 150.00 to INR 155.00 on October 16, 2026.
Wipro's second-quarter operating margin reached 16.50 percent, up 0.50 percentage points sequentially.
Wipro stock traded at EUR 1.87 at 9:28 a.m. CET at Lang & Schwarz on October 27, 2026.
Wipro is scheduled to report third-quarter fiscal 2027 results on January 13, 2027.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro Limited (US97651M1099) lifted its September-quarter operating margin to 16.50 percent, an increase of 0.50 percentage points from the previous quarter. The result came as Jefferies raised its target for Wipro from INR 150.00 to INR 155.00 on October 16, 2026, while retaining an Underperform rating, as NDTV Profit reported.

September results set the tone

Wipro reported revenue of INR 247.53 billion for the quarter ended September 30, 2026, up 9.10 percent year over year. Net income fell 1.90 percent year over year to INR 32.00 billion, while operating cash flow rose 61.30 percent sequentially to INR 53.00 billion, according to the company's investor release dated October 15, 2026, available from Wipro.

The contrast matters for investors. Revenue and cash generation improved, but bookings weakened: total bookings fell 22.90 percent sequentially in constant-currency terms to USD 2.595 billion, while large-deal bookings dropped 58.60 percent to USD 674.00 million.

What does guidance mean for margins?

Wipro guided IT services revenue for the quarter ending December 31, 2026, to USD 2.571 billion to USD 2.625 billion, equivalent to a constant-currency sequential change of minus 1.50 percent to plus 0.50 percent, as Moneycontrol reported on October 15, 2026. That range places execution and deal conversion ahead of margin expansion as the central operating question.

Three dated Wipro markers

On October 15, 2026, Wipro reported 16.50 percent operating margin for its second quarter. On October 16, 2026, Jefferies raised its target from INR 150.00 to INR 155.00 while keeping Underperform, according to NDTV Profit. On October 26, 2026, Wipro's India-listed shares closed at INR 189.00, down 0.40 percent.

Upcoming reporting date

Wipro is scheduled to report its third-quarter fiscal 2027 results on January 13, 2027, followed by its fiscal 2027 report on April 22, 2027, according to Barron's.

Wipro stock stays tied to execution

At Lang & Schwarz, Wipro stock was trading at EUR 1.87 at 9:28 a.m. CET on October 27, 2026. The quoted euro level puts the immediate emphasis on the next results cycle and whether weak bookings translate into a softer revenue path.

The further course of trading is shown by the continuously updated real-time quote of Wipro stock.