Nomura has reiterated its ‘buy’ rating on Wipro, maintaining the target price at ₹340. The brokerage noted a beat across parameters for the company’s latest results, particularly on the margin front. Discretionary demand is showing signs of improvement, although the Q4 guidance was slightly softer than market expectations.
Nomura has raised its FY25-27 earnings per share (EPS) estimates by 2-5%, reflecting optimism about the company’s performance trajectory. At the current market price (CMP) of ₹281.70, the target price implies a 20.7% upside potential.
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