{"id":312684,"date":"2026-10-16T10:24:18","date_gmt":"2026-10-16T04:54:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312684"},"modified":"2026-10-16T10:24:18","modified_gmt":"2026-10-16T04:54:18","slug":"wipro-shares-rise-5-percent-up-15-percent-so-far-in-october-should-you-buy-this-it-stock-after-q2-results-experts-suggest","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/wipro-shares-rise-5-percent-up-15-percent-so-far-in-october-should-you-buy-this-it-stock-after-q2-results-experts-suggest\/","title":{"rendered":"Wipro Shares Rise 5%, Up 15% So Far in October – Should You Buy This IT Stock After Q2 Results? Experts Suggest"},"content":{"rendered":"

Wipro shares rose about 1.7% to Rs 176 in early trade on 16 Oct 2026, with a high of Rs 177. The headline’s 5% rise and 15% gain in October are unverified. Brokerages are split: Dam Capital Neutral (Rs 180), PL Capital Hold (Rs 166, raised from Rs 154) and Nirmal Bang Sell (Rs 143). Q2 profit was Rs 3,200 crore against Rs 3,246 crore a year earlier, and IT services revenue grew only 0.3%.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Wipro shares rose about 1.7% to Rs 176 in early trade on 16 October 2026, a day after Q2 FY27 results showed profit of about Rs 3,200 crore and revenue of Rs 24,753 crore, up 9.1%. Brokerages are mixed: Dam Capital rates the stock Neutral with a target of Rs 180, PL Capital rates it Hold at Rs 166, raised from Rs 154, and Nirmal Bang rates it Sell at Rs 143. I could not verify the headline’s 5% rise or the 15% gain in October, and the headline also says profit fell 1.9% while my calculation gives 1.4%. Growth in IT services was only 0.3% year on year, so the rally rests on the buyback and hopes of delayed deals closing in Q3.<\/p>\n<\/p><\/div>\n

Wipro shares have gained strongly this month as the IT sector bounced, helped by the Nifty IT rally earlier in the week. The Q2 numbers behind Wipro shares were mixed, with margins up but growth near zero.<\/p>\n

This guide sets out the brokerage views, the Q2 numbers behind them, the upside and downside at the current price and the risks. It is educational and not a recommendation.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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