---
title: "Weekly Recap | WIT.US +4.24%, Accenture lifts IT services"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300853074.md"
description: "Wipro (WIT.US) gained 4.24% for the week, closing at $1.72. The stock swung 15.95% from low to high on heavy volume, with average daily turnover around 12.0m shares, about 71% above its median level. The first three sessions held a tight range between $1.59 and $1.66. Thursday brought a sharp push to $1.85 on more than 32m shares before sellers took the price back down. Friday closed at $1.72, leaving a rally-and-fade pattern for the week."
datetime: "2026-10-03T08:07:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300853074.md)
  - [en](https://longbridge.com/en/news/300853074.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300853074.md)
generator: "portal-rs"
---

# Weekly Recap | WIT.US +4.24%, Accenture lifts IT services

## The Week

Wipro (WIT.US) gained 4.24% for the week, closing at $1.72. The stock swung 15.95% from low to high on heavy volume, with average daily turnover around 12.0m shares, about 71% above its median level. The first three sessions held a tight range between $1.59 and $1.66. Thursday brought a sharp push to $1.85 on more than 32m shares before sellers took the price back down. Friday closed at $1.72, leaving a rally-and-fade pattern for the week.

## Key Events

IT services stocks caught a sector-wide bid this week. Accenture reported results on Thursday and issued guidance that eased AI disruption fears, lifting IT consulting names broadly. Wipro jumped about 6.7% that session on volume of roughly 32.4m shares. The move followed an earlier IT rally on Wednesday, when Mphasis, Coforge and Infosys rose as much as 5% even as the broader market sold off. Accenture’s record big-ticket client bookings became the key catalyst for the sector’s improved mood.

## Analyst Ratings

Seven brokers cover Wipro. Two rate it hold, three underweight and two sell—no buy or overweight ratings. The consensus rating is sell, with a consensus target of $1.67, about 3.2% below the current price. Targets range from $1.56 to $1.90, pointing to a wide spread of views. Within IT consulting, Wipro ranks 14th out of 36 companies, sitting in the lower-middle pack.

## The Week Ahead

A busy macro slate starts on Monday with the final S&P Global services PMI and the ISM non-manufacturing PMI. The former printed 58.7 previously, while the latter has a prior of 55.4 against a 55 forecast. Tuesday brings US international trade data, followed by two EIA crude inventory reports on Wednesday. If services data weaken further, sentiment in IT services could face a fresh test.

## In Short

Wipro rode an Accenture-driven sector bounce to a weekly gain on much stronger volume. The ratings picture remains negative, with consensus at sell and the target below spot, while the stock trades at a mild ~12.5x P/E. The latest session’s flow shows large-lot money turning net seller while small and medium orders lean net buyer. The next leg likely hinges on services macro data and any shift in that sell-rated consensus.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**