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The Economic Times

Veer Sharma

Wipro shares fall over 3% after Q1 results. Why have Nomura, Motilal & others cut target prices?

Wipro Nomura Motilal Oswal Nuvama

IT services player Wipro dipped 3.3% to Rs 173 on the BSE on Friday after reporting a 1% year-on-year (YoY) growth in its consolidated net profit at Rs 3,352 crore in the June quarter, compared with Rs 3,330 crore in the last year period.

Revenue from operations rose 11% YoY to Rs 24,479 crore in the first quarter. The same stood at Rs 22,135 crore in the last year quarter

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