HSBC has maintained its hold rating on Wipro with a target price of ₹260, noting that recent strong deal wins boost confidence in a recovery during the second half of FY26. The brokerage said client-related challenges in Europe, which had previously impacted growth, have largely been resolved, paving the way for stabilisation in revenue performance.
It also observed that Wipro’s valuation discount to peers is near historic lows, which reflects investor caution but could also set the stage for a gradual re-rating if execution improves. HSBC said while the company’s fundamentals are showing signs of stabilisation, it prefers to remain cautious until growth visibility becomes clearer, keeping its stance at hold.
Disclaimer: The views and recommendations made in this article are those of HSBC. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
