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ITMedium impactAfter close

Wipro shares drop 2.3% on weak Q1 results and outlook

after close1 source ↓written by the desknot a recommendation

on Friday
2.3%
YoY
10.6%
to ₹3
0.6%
target price
₹150
₹180

Wipro shares fell 2.3% on Friday after the company reported Q1 revenue of ₹24,479 cr, up 10.6% YoY, but net profit rose only 0.6% to ₹3,352 cr. Brokerages expressed concerns over weak guidance, with Jefferies cutting its target price to ₹150 from ₹180, citing a delayed recovery outlook.

The disappointing results and outlook may dampen investor sentiment, as Wipro has struggled with organic revenue growth over the past three years.

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 17 Jul 2026, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

WIPRO closed +0.2% on the day of the news, from ₹176.00 to ₹176.38; Nifty −0.4% over the same session; futures OI +1.0%.

Bulletin at 16:08 IST on 17 Jul 2026. Every change is measured from ₹176.00, the last close before it, on 17 Jul. 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 it160.02176.00191.98axis spans 20%before the news · 17 Jul176.00Nifty 50WIPRObulletinD0+1+3+513 Jul23 Jul3 AugFutures open interest, lotspeak 1.3 LReference close ₹176.00. 16 sessions from 13 Jul to 3 Aug; 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 %
Before17 Jul₹176.00basebase
On the day20 Jul₹176.38▲ +0.2%▼ −0.4%+0.6 pp difference
+1 session21 Jul₹174.97▼ −0.6%▼ −0.6%0.0 pp difference
+3 sessions23 Jul₹174.82▼ −0.7%▼ −1.9%+1.2 pp difference
+5 sessions27 Jul₹178.53▲ +1.4%▼ −1.4%+2.8 pp difference
Gap at the open, % · ₹
▲ +0.6%+1.00 on 20 Jul
Day's range, % · ₹
1.1%≈ 2.0 high to low
Volume on the day
0.44×the 20-session average
Futures OI on the day
▲ +1.0%+1,300 lots · long build-up · price +0.2%
Futures OI open, lots
1.3 L20 Jul · 28 Jul expiry
Futures premium, ₹
−1.75−1.0% to spot
Puts per call, by OI
0.61from 0.62 the session before
Max pain
175from 175 the session before

Source NSE UDiFF bhavcopy · WIPRO on the desk →

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