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Axis Capital downgrades Wipro stock rating on acquisition concerns

after close1 source ↓written by the desknot a recommendation

price target
₹160
₹220
in the past
7.7%
over the last
22%

Axis Capital downgraded Wipro to Reduce from Add, lowering its price target to ₹160 from ₹220. The firm raised concerns over Wipro's acquisition strategy, citing poor synergies from past deals like Capco. The stock has declined 7.7% in the past week and is down 22% over the last year.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Jun 2026, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

WIPRO closed +0.3% on the day of the news, from ₹174.48 to ₹175.00; Nifty +0.1% over the same session; futures OI −3.8%.

Bulletin at 16:08 IST on 24 Jun 2026. Every change is measured from ₹174.48, the last close before it, on 24 Jun. Nifty 50 is measured over the same sessions.

  • WIPRO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
WIPRO closes around the bulletin against the close before the news, with Nifty 50 rebased to it158.64174.48190.32axis spans 20%before the news · 24 Jun174.48Nifty 50WIPRObulletinD0+1+3+518 Jun1 Jul10 JulFutures open interest, lotspeak 1.5 LReference close ₹174.48. 16 sessions from 18 Jun to 10 Jul; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Jun₹174.48basebase
On the day25 Jun₹175.00▲ +0.3%▲ +0.1%+0.2 pp difference
+1 session29 Jun₹175.48▲ +0.6%▼ −0.3%+0.9 pp difference
+3 sessions1 Jul₹170.13▼ −2.5%▼ −0.1%−2.4 pp difference
+5 sessions3 Jul₹176.08▲ +0.9%▲ +1.0%−0.1 pp difference
Gap at the open, % · ₹
▲ +0.9%+1.52 on 25 Jun
Day's range, % · ₹
2.1%≈ 3.7 high to low
Volume on the day
0.64×the 20-session average
Futures OI on the day
▼ −3.8%−5,200 lots · short covering · price +0.3%
Futures OI open, lots
1.3 L25 Jun · 30 Jun expiry
Futures premium, ₹
+0.63+0.4% to spot
Puts per call, by OI
0.40from 0.36 the session before
Max pain
180from 180 the session before

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