{
  "id": 14884043,
  "title": "Wipro shares rise over 2% as Q2 revenue grows 9% YoY. What are Nomura, Goldman Sachs analysts saying?",
  "url": "https://urgent.news/2026/10/16/wipro-shares-rise-over-2-as-q2-revenue-grows-9-yoy-what-are-nomura",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T04:26:14.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/wipro-shares-rise-over-2-as-q2-revenue-grows-9-yoy-what-are-nomura-goldman-sachs-analysts-saying/articleshow/134982358.cms"
  },
  "original_language": "en",
  "account": "IT giant Wipro shares surged over 2% to a high of Rs 178 on the BSE following its announcement of a 9.1% year-on-year increase in Q2FY27 gross revenue to Rs 24,752.7 crore, up 1.1% quarter-on-quarter. Net profit, however, fell 1.9% year-on-year to Rs 3,201 crore. Wipro now anticipates a third-quarter revenue growth range of -1.5% to 0.5% in constant currency terms. Analysts have differing opinions on Wipro's stock. Nomura has raised its target price to Rs 200, maintaining a Buy rating, citing Q2's revenue beat and in-line margins. Goldman Sachs, on the other hand, retains a SELL rating despite Q2 exceeding expectations, pointing to a decline in deal wins and the uncertainty surrounding the appointment of an external CEO. Emkay has kept its Reduce rating with a target price of Rs 170, suggesting a 2.3% downside from the closing price.",
  "summary": "Wipro reported a 9.1% year-on-year rise in Q2FY27 revenue to Rs 24,752.7 crore, while net profit fell 1.9% to Rs 3,201 crore. The IT major expects Q3 revenue growth of -1.5% to 0.5% sequentially in constant currency terms. Nomura retained its Buy rating with a Rs 200 target, citing a slight revenue beat and confidence in delayed large deals closing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}