---
title: "Weekly Recap | Wipro -1.16%, sell consensus lingers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301474204.md"
description: "Wipro fell 1.16% this week to close at $1.70, while the S&P 500 added 1.15%, leaving Wipro about 2.31 percentage points behind. Trading was front-loaded to the downside before steadying. The stock opened Monday at $1.70 and touched a weekly high of $1.72, then drifted lower. Wednesday opened near $1.64, and Thursday marked the weekly low at $1.605. Friday saw a pull back toward $1.70, finishing the week in a low-level holding pattern."
datetime: "2026-10-10T08:13:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301474204.md)
  - [en](https://longbridge.com/en/news/301474204.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301474204.md)
generator: "portal-rs"
---

# Weekly Recap | Wipro -1.16%, sell consensus lingers

## The Week

Wipro fell 1.16% this week to close at $1.70, while the S&P 500 added 1.15%, leaving Wipro about 2.31 percentage points behind. Trading was front-loaded to the downside before steadying. The stock opened Monday at $1.70 and touched a weekly high of $1.72, then drifted lower. Wednesday opened near $1.64, and Thursday marked the weekly low at $1.605. Friday saw a pull back toward $1.70, finishing the week in a low-level holding pattern.

## Key Events

Two threads dominated the news flow. First, Indian IT sentiment got a lift on Monday after Accenture raised its full-year revenue forecast, which pushed the Nifty IT index higher and put Wipro in focus as a sector peer. Second, US skilled visa policy drew attention from Thursday onward: reports said the US suspended the permanent residency programme for Microsoft, with follow-up coverage framing it as a crackdown on green cards for skilled foreign tech workers. By Friday, Indian tech giants were reported to be shrugging off the visa changes. On the company side, Wipro will report second-quarter results for the period ended 30 September 2026 on 15 October.

## Analyst Ratings

Seven brokers cover Wipro: 2 rate it hold, 3 rate it under, and 2 rate it sell, with no buy or over ratings. The consensus rating is sell, and the consensus target price of $1.66566 sits about 2.02% below the spot price. Target prices range from $1.56 to $1.90, a fairly wide spread. Wipro ranks 14th out of 36 companies in its industry by rating.

## The Week Ahead

US inflation data dominates the macro calendar, with CPI and core CPI due on 14 October. NFIB small business optimism and existing home sales print on 13 October. On the company side, Wipro reports fiscal Q2 2027 results after market close on 15 October, with consensus estimates at EPS of $0.036 and revenue of $2.567 billion.

## In Short

Wipro enters the week with a soft ratings and valuation picture: price-to-book around 2.17x and price-to-earnings around 12.38x, a sell consensus, and a target price below spot. The latest session’s fund flow showed large-lot money as a net buyer while medium and small lots were net sellers. The stock underperformed the market as visa policy headlines weighed on sector sentiment. The key test now is whether the 15 October earnings validate the valuation and sector resilience.

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

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## Related News & Research

- [Wipro Limited $WIT Stock Sold by Quadrant Capital Group LLC](https://longbridge.com/en/news/302964748.md)
- [Wipro Q2 FY27 Results Show Margin Gain and Strong Cash Flow Amid Booking Slowdown](https://longbridge.com/en/news/302473716.md)
- [Wipro Board Clears Q2 and Half-Year FY2026 Financial Results](https://longbridge.com/en/news/302471776.md)
- [Wipro Announces Results for the Quarter Ended September 30, 2026 | WIT Stock News](https://longbridge.com/en/news/301988029.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**