Top brokerages have expressed reservations on Wipro stock following the company’s lower-than-expected earnings and bleak Q3 guidance. Citi recommended selling the stock and reduced the price target, while BofA maintained an ‘Underperform’ view. Nuvama lowered its price target but maintained a ‘Hold’ rating. Wipro reported a net profit of Rs 2,667.3 crore for the September quarter, up 0.70% YoY.
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