Nomura keeps INR 200 target for Wipro stock

Published on 10/20/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro stock costs EUR 1.70 on October 20, 2026 at Lang & Schwarz. Q2 revenue reached USD 2.58 billion for the quarter ended September 30, 2026.

Investor calendar and operating figures

Nomura maintained a Buy rating and an INR 200.00 target on October 16, 2026.
Second-quarter revenue reached USD 2.58 billion for the period ended September 30, 2026.
Wipro stock trades at EUR 1.70 at 10:05 a.m. CEST at Lang & Schwarz on October 20, 2026.
Wipro is expected to report third-quarter results on January 14, 2027.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro (ISIN US97651M1099) is trading at EUR 1.70 at Lang & Schwarz on October 20, 2026 at 10:05 a.m. CEST. The latest company results showed USD 2.58 billion in second-quarter revenue, while Nomura kept a Buy rating and an INR 200.00 target on October 16, 2026, according to Moneycontrol.

Three results shaped the picture

On October 15, 2026, Wipro reported USD 2.58 billion in revenue for the quarter ended September 30, up 9.1 percent year over year. The company also reported an IT services operating margin of 16.5 percent, up 0.5 percentage points sequentially, according to Wipro.

That release also put total bookings at USD 2.595 billion, down 22.9 percent sequentially in constant currency, while large-deal bookings fell 58.6 percent to USD 674.00 million. For the quarter ending December 31, 2026, management guided IT services revenue to USD 2.571 billion to USD 2.625 billion, equal to sequential constant-currency growth of minus 1.5 percent to plus 0.5 percent.

What does the target imply?

Nomura's INR 200.00 target and Buy rating provide a constructive counterpoint to the booking figures, but the analyst's case still depends on margin recovery and better deal conversion. Moneycontrol reported that Nomura cited slightly better-than-expected revenue and prospects for operating-margin improvement on October 16, 2026.

Dates investors can track

Wipro's next substantiated reporting date is January 14, 2027, before the US market open, according to Earnings Whispers. The scheduled release concerns the quarter ending December 31, 2026.

Price and company profile

Wipro's business combines IT services, consulting and business-process services. Its second-quarter operating cash flow reached USD 553.60 million, or 165.8 percent of net income, giving the margin improvement a cash-conversion component.

The stock was trading at EUR 1.70 at Lang & Schwarz on October 20, 2026 at 10:05 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wipro stock.