Citi maintains ‘sell’ rating on Wipro; keeps target price at Rs 280

Citi has maintained its ‘sell’ rating on Wipro, retaining the target price at ₹280. The brokerage, however, removed the negative catalyst watch on the stock, signaling a shift in its outlook. Wipro delivered in-line revenue and a significant margin beat in its latest results.

Despite these positives, Citi remains cautious about Wipro’s growth trajectory, noting that it is likely to trail peers in FY26. However, the stock could see a short-term boost from potential EPS upgrades in the near term.

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At the current market price (CMP) of ₹281.70, Wipro is trading near Citi’s target price, reflecting limited upside potential.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with their financial advisor before making any investment decisions.