Anil Singhvi recommends selling this IT stock after disappointing guidance: Check stop loss and target

Wipro target worth, Wipro share worth, Anil Singhvi view on Wipro shares publish This autumn earnings: Wipro shares in Thursday’s session fell sharply by over 6 per cent to the day’s low of Rs 232.15 after the corporate posted a blended set of This autumn earnings. For the reporting quarter, the corporate’s consolidated internet revenue rose over 6 per cent to Rs 3,569.6 crore. Equally, the topline rose by a marginal 0.8 per cent QoQ to Rs 22,504.2 crore. Nonetheless, income in greenback phrases additionally declined 1.2 per cent and got here in at Rs 259.7 crore.

Additionally Learn: Wipro This autumn Outcomes: Web revenue jumps 25.9% YoY to Rs 3,570 crore; books massive deal wins value $1.76 billion

Wipro’s Q1FY26 income steering 

The corporate’s CEO being attentive to world uncertainties has guided for income from IT providers section of $2,505 million to $2,557 million. (-3.5% to -1.5% in CC phrases) for Q1FY26.

Here is Anil Singhvi tackle Wipro Q4FY25 earnings

Zee Enterprise Managing Editor Anil Singhvi famous that the Bengaluru-based IT providers main offered a weak set of This autumn earnings, with steering being all of the extra weak. The market wizard pointed that Wipro’s earnings sign bleak prospects for high-revenue IT corporations within the US.

After the corporate’s quarterly present, Wipro American Depository Receipt or ADR fell 3 per cent – pointing at nonetheless weaker efficiency within the home market right this moment.

Likewise, as feared, the stock tumbled sharply and weighed on the Nifty IT index which was down over 2 per cent.

What ought to traders do with IT shares?

Singhvi advises traders to utterly chorus from IT shares and not have interaction in any type of shopping for in them.

What to do with Wipro stock after Q4FY25 earnings?

Anil Singhvi as a part of his Stock of the Day decide has really useful to ‘promote’ Wipro futures for a target of Rs 240, 235, 232 – implying losses of greater than 6 per cent. The stop loss prescribed is Rs 250 per share.