Wipro wipes $650M in market value after guiding for flat-to-negative Q1 revenue growth
Wipro (WIPRO.NS) dropped 2.83% on 16 April on 3.34× average volume after guiding Q1 FY2027 revenue at -2% to flat sequential growth. Analyst sentiment is skewed bearish — 13 of 39 covering analysts carry sell or strong-sell ratings — and the next-year EPS period has logged 11 downward revisions in 30 days against 6 upward.
Supporting 15 queries
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Conclusion
Close Apr 16: ₹204.32 vs prior ₹210.26 → -2.83%; volume 80,542,603 vs 20-day avg 24,091,932 → 3.34×. Analyst consensus (Apr 19): 13 sell/strong-sell out of 39 total (33% bearish). EPS revisions (+1y, Apr 19): 11 downward cuts in 30 days vs 6 upward. Reuters reported >$650M market cap wiped. Record ₹150B buyback announced alongside results failed to offset guidance shock.