India, July 17 -- The June quarter turned out to be a mixed one for one of India's largest IT services companies. Growth stayed muted and margins came under pressure, yet the same quarter saw a healthy pickup in large deal wins and a sharper push into AI-driven engagements. Management struck an optimistic tone, framing the near-term softness as the cost of investing in a bigger, AI-led opportunity down the line.

With a market capitalization of Rs. 1,73,813 crore, the shares of Wipro Limited were trading at Rs. 176 per share, with a 52-week range of Rs. 273 to Rs. 169, and they are trading at a P/E of approximately 13x.

A Soft Quarter On Growth And Margins IT Services revenue for Q1FY27 grew just 0.9% year-on-year in constant currency, c...