Wipro shares rise 5%, up 15% so far in October - Should you buy this IT stock after Q2 results? Experts suggest
New Delhi, Oct. 16 -- Wipro shares climbed almost 5% in morning trade on the BSE on Friday, 16 October, a day after the company reported its September quarter (Q2FY26) results. Wipro share price opened at Rs.170.35 against its previous close of Rs.173.70 and jumped 4.72% to hit an intraday high of Rs.181.90. At this price, the stock has gained 15%.
Wipro's Q2FY27 net profit declined 1.9% year-on-year (YoY) to Rs.3,200 crore, while revenue from operations was Rs.24,752.7 crore, up 9% from Rs.22,697.3 crore in the year-ago quarter.
Revenue from the IT services segment was Rs.24,667 crore, up 1% YoY.
Wipro said it expects revenue from the IT services business segment to be in the range of USD 2,571 million to USD 2,625 million in Q3 FY27,...
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